Silbert’s DCG is being investigated by DOJ, SEC over internal transactions

The U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have opened investigations into Barry Silbert’s Digital Currency Group (DCG) to examine its internal money transfers and loans, as reported by Bloomberg News.

Prosecutors are looking into the transfers between the DCG, an embattled subsidiary of the company, who asked not to be named because the probe hasn’t been made public yet. The investigation also includes DCG investors and aims to discover if they were informed regarding these transfers and internal loans.