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Crypto firm Digital Currency Group to pay SEC $38.5 million for misleading investors

CNBC
Summary
Nutrition label

85% Informative

Digital Currency Group , the crypto firm founded by Barry Silbert , is paying the SEC $38.5 million for misleading investors.

The SEC said DCG and Soichiro "Michael" Moro , the ex-CEO of Genesis Global Capital , will pay the civil penalties.

Genesis was among the multiple casualties in the industry contagion set off by the collapse of FTX in 2022 .

VR Score

86

Informative language

84

Neutral language

91

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

2

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