KEY POINTS
  • In a note to DCG shareholders, Silbert addressed all the "noise" surrounding the company, indicating that most of its entities are "operating as usual."
  • The trading unit Genesis has encountered problems on the lending side due to "market turmoil," Silbert wrote.
  • Silbert said the company as a whole is on pace to generate $800 million in revenue this year.
Barry Silbert, Founder and CEO, Digital Currency Group 

Barry Silbert, the founder of crypto conglomerate Digital Currency Group, has joined a growing list of industry leaders in trying to settle investors' nerves after the sudden collapse of FTX.

In a note to shareholders on Tuesday, Silbert addressed all the "noise" about the financial health of DCG's subsidiaries, which includes trading firm Genesis, Grayscale Investments and mining company Foundry.