Genesis Lawsuit Threatens to Derail Grayscale’s Landmark $33B IPO

As Grayscale pushes ahead with plans for a $33 billion initial public offering, mounting legal troubles tied to the collapse of Genesis Global Capital are threatening to overshadow the milestone listing, according to the Financial Times. Barry Silbert, the founder of Digital Currency Group (DCG), is spearheading the effort to take Grayscale public, a move that would mark the first major public offering by a crypto asset manager. But ongoing lawsuits connected to Genesis’s bankruptcy continue to cast unce ...