<\/p>\n
Billionaire and early crypto entrepreneur Barry Silbert is resigning from crypto asset manager Grayscale\u2019s board of directors as of New Year\u2019s Day 2024.<\/p>\n
Silbert, head of Grayscale\u2019s parent company Digital Currency Group (DGC), will give his chair to DCG\u2019s chief financial officer (CFO) Mark Shifke, according to a new filing<\/a>\u00a0with the U.S. Securities and Exchange Commission (SEC).<\/p>\n Mark Shifke is also listed as a board member of Dock Ltd. and Luno in the official filing. Before this, Shifke worked at JPMorgan Chase, Goldman Sachs, and KPMG.<\/p>\n In a statement<\/a> to Bloomberg, a spokeswoman for Grayscale said,<\/p>\n \u201cGrayscale and our investors will benefit from their respective experiences in the financial services and asset management industries as we prepare for Grayscale\u2019s next chapter.\u201d<\/em><\/p>\n Last month, DCG and Genesis Global, its bankrupt subsidiary,\u00a0settled<\/a>\u00a0a legal dispute over $627 million in unpaid loans. The parties renegotiated, agreeing to a modified repayment schedule with upfront and monthly payments, aiming to settle the balance by April 1st.<\/p>\n DCG, founded in 2013, is one of the largest crypto conglomerates in the industry. Its portfolio<\/a> includes some of the biggest exchanges, wallets, and blockchains in the space, and currently manages nearly $50 billion in assets.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n
\nCheck Price Action<\/a><\/span><\/em>
\n
\nFollow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n