Barry Silbert Reappointed as Grayscale Chairman Following Legal Challenges
Barry Silbert has been re-appointed as chairman of the board at Grayscale, a subsidiary of Digital Currency Group (DCG), following his resignation in December 2023 amid a lawsuit from the New York Attorney General. Key points include:
- Silbert resigned due to allegations of misleading investors and hiding over $1 billion in losses, which he and DCG deny.
- Mark Shifke, previously CFO of DCG, temporarily replaced Silbert but remains a board member.
- Grayscale filed for an initial public offering last month despite ongoing legal issues.
- New high-ranking hires include chief operating officer, chief marketing officer, chief communications officer, and chief human resources officer, reporting to CEO Peter Mintzberg.
- Grayscale has converted its Bitcoin Trust and Ethereum products into ETFs and plans to launch or convert additional products.