Barry Silberts crypto empire continues to spiral as ex-NYSE president buys news site CoinDesk
Summary
Michael Casey, Coindesks chief content officer, told CNBC that the Bullish deal came together "very quickly," and that his side of the newsroom is excited for the new strategic alliance. Matt Murray, who was previously the editor-in-chief of The Wall Street Journal, will head a newly formed editorial committee designed to protect the publications autonomy. That reporting sparked a downward spiral at crypto exchange FTX, ending with the collapse of the company and Alameda that month, and the arrest and ultimate conviction of Bankman-Fried. In February, the Financial Times first reported that DCG was selling its holdings in several Grayscale trusts at a steep discount to shore up funds to pay back its creditors billions of dollars. Earlier this month at DC Fintech Week, Grayscale CEO Michael Sonnenshein said the company has been growing as an independent organization with its own broker-dealer and registered investment advisor.