Genesis
Litigation Oversight Committee (LOC)

Overseeing Litigation. Pursuing Accountability. Representing Creditors.

About the LOC

The Genesis LOC is an independent, volunteer driven, court-authorized, creditor-elected body overseeing litigation against Digital Currency Group (DCG), its CEO Barry Silbert, and key advisors.

We are committed to exposing the misconduct that led to Genesis’s collapse — and recovering misappropriated assets worth billions for the benefit of creditors. 

What the LOC Does

  • Oversee Litigation: Direct legal efforts targeting those responsible for breaches of fiduciary duty, insider dealings, and fraud.

  • Expose Misconduct: Bring public attention to the facts and individuals who helped conceal $1.1B in losses with a fraudulent promissory note.

  • Recover Assets: Aim to recover misappropriated cryptocurrency in kind (not dollarized values) currently worth over $2 billion and rising in value (deficiency includes 19,086 bitcoin, 69,197 ether, and 17,168,249 other coins as of February 9, 2025).

Why this Matters

  • Expose how DCG, Barry Silbert, and their advisors misled stakeholders.

  • Give creditors a voice and path to recovery.

  • Promote accountability across the digital asset industry.

FAQs at a Glance

  1. What is the LOC’s main role? To oversee litigation related to Genesis’s collapse.

  2. Who files the lawsuits? Legal counsel under LOC supervision.

  3. Why is the LOC necessary? To protect creditor interests through independent oversight

For more answers, visit the Full FAQ Page.

Latest Updates

May 19, 2025 - Genesis LOC’s Two Major Lawsuits Against DCG, Barry Silbert, and a Network of Insiders Now Available to the Public
Read the LOC’s Official Press Release

“The Delaware Complaint reveals how the Genesis lending business fueled profits for DCG’s crown jewel, Grayscale, benefitting from Genesis’s catastrophic failure to implement the most rudimentary lending controls. DCG and Genesis are alleged to have operated as a single enterprise within Silbert’s crypto conglomerate, designed to generate profits for DCG, Silbert and insiders using cryptocurrency provided primarily by Genesis creditors”
- Genesis Litigation Oversight Committee

Stay Informed

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