In November 2021, some Digital Currency Group investors sold around $700 million of their shares at a $10 billion valuation. SecondMarket duly went from strength to strength and was named a Technology Pioneer by the World Economic Forum at its 2010 convention in Davos. Cameron and Tyler Winklevoss are believed to be the first Bitcoin billionaires, reportedly holding about 70,000 coins. wrote down the value of Silberts stake in DCG from $3.2 billion to $0. This means that the BIT holds around 450,000 bitcoins, representing a little over 2% of the 21 million total supply. Image via CNBC. COIN, A pioneer in bitcoin investing, he began buying bitcoin in 2012 and quickly established himself as one of the earliest and most active investors in the industry. Its founder faces criminal and civil charges and goes to trial in October. Although hes an active presence on Twitter with over 220,000 followers, his name doesnt crop up with the same regularity as those mentioned above. and other data for a number of reasons, such as keeping FT Sites reliable and secure, He serves as Board Member at Ethereum Classic. The company has been around since 2013, as it was originally SecondMarkets trading division. Silbert, 46, cut his teeth on bankruptcies including Enron's and WorldCom's when working at California-based investment bank Houlihan Lokey. Silberts wealth in 2018 was reckoned to be somewhere between $400 million and $500 million, putting him 16th on Forbess list of the wealthiest people in crypto. In its second round of layoffs, the digital currency exchange announced it would lay off 20% of its workers. Thats by this Monday. Its two biggest borrowers were Three Arrows Capital, the Singapore hedge fund that went bankrupt in July, and Alameda Research, the hedge fund of FTX founder Sam Bankman-Fried that is also in bankruptcy proceedings, Reuters reported this month. DCG's Silbert, Winklevoss start Twitter spat over frozen funds Barry Silbert, the CEO of troubled crypto empire Digital Currency Group (DCG), defrauded some 340,000 crypto investors using Gemini Earn, according to allegations made by Cameron Winklevoss, CEO of crypto exchange Gemini, in a scathing open letter published to Twitter Tuesday morning. "He has proven himself unfit to run DCG and unwilling and unable to find a resolution with creditors that is both fair and reasonable," the letter said. The publicly traded shares of Grayscales Bitcoin Trust (GBTC) offered investors access to Bitcoins upsidebut without having to actually buy and store the digital currency, which many were prohibited from doing. Silbert has come under fire since Genesis suspended withdrawals, with the co-founder of crypto exchange Gemini accusing him of misleading investors and engaging in bad-faith stall tactics.