[3] Shortly after SecondMarket's sale, Silbert formed Digital Currency Group, with Genesis and Grayscale becoming the first of the company's subsidiaries.

[5][6] The governor of Connecticut at the time, Ned Lamont, had provided financial incentives for the company to move to Stamford, including a $5 million grant if Digital Currency Group created at least 300 full-time jobs in the state.

In response to growing dispute with shareholders, Barry Silbert in early 2023 argued against debtor Cameron Winklevoss' push to replace him as CEO.

[10] In January 2023, the Financial Times reported that DCG was considering selling parts of its venture capital holdings to raise funds.

[23] A new Chapter 11 deal was agreed on with DCG and lender Genesis Global as well as a major creditor group in late August 2023.

[26] In October 2023, the New York attorney general filed a lawsuit against DCG, Gemini Trust, and Genesis Capital for allegedly defrauding more than 230,000 investors of more than $1.1 billion.

The companies allegedly lied to investors about the expected returns on their investments and in regard to their safety, while also concealing losses from them and the public.

News media speculated that Genesis' cryptocurrency custody would be transferred away from Coinbase and made internal to Greyscale after completion of the Volt acquisition.

[30] In late June and early July 2022, Genesis publicly disclosed that it was exposed to hundreds of millions of dollars in losses from loans to both the Hong Kong-based cryptocurrency lender Babel Finance[citation needed] and the bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC),[31] and that its parent company DCG had taken on some of Genesis' debts in order to keep the company afloat.

[33] On November 16, Genesis abruptly halted all Bitcoin withdrawals and loan applications for their customers,[34][9] following FTX's bankruptcy filing.

[35] The next morning, Wall Street Journal reported that it had obtained confidential documents stating that Genesis had an "ongoing run on deposits".

[42][43] On January 21, 2020, Grayscale Bitcoin Trust became the first digital currency financial product to become a Securities and Exchange Commission reporting company.

[49] In the summer of 2021, Foundry helped to relocate over $300 million worth of equipment from China to North America following the Chinese government shutdown of many cryptocurrency mining operations.

[51] Cryptocurrency startup Luno (formally BitX[52]) was founded in 2013 by four South Africans, Marcus Swanepoel, a former investment banker and Timothy Stranex, a Google software engineer,[53] Carel van Wyk and Pieter Heyns.