A Crypto Magnate Saw the Risks and Still Was Hammered

  • 📰 WSJ
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Finance veteran Barry Silbert built a multibillion-dollar crypto empire. Then he got too optimistic, did business with the wrong people and borrowed big money.

A year ago, Barry Silbert’s 40% stake in Digital Currency Group Inc., or DCG, was valued at more than $3 billion.

A crypto conglomerate, with tentacles in nearly every corner of the industry from lending to bitcoin mining, DCG worked out of plush Connecticut offices featuring a marble-countertop kitchen with a coffee barista and a French chef.

 

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Shame on you WSJ for promoting this nonsense by describing Ponzi Money Laundering schemes conglomerates or other respectful terms.

Does the WSJ feel bad about pretending crypto businesses were not scams? Will the WSJ admit these aren't real companies?

Better headline. Barry Silbert ran a Ponzi scheme and now it is falling apart.

Alternatively, the headline could have read...a degenerate gambler lost other people's money and destroyed the lives of countless folks unnecessarily.

You guys are so dam predictable...

Let’s see that puff piece baby!

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