On this episode of Swan Signal, Sam sits down with Vijay Boyapati to discuss the alleged fraud of DCG, Genesis, and their leaders Barry Silbert and Michael Moro, its impact on the likelihood of GBTC converting to a spot Bitcoin ETF, and major lessons investors can learn from the debacle. Timestamps: 00:00:00 “Swan Signal” Intro 00:02:10 Introducing Vijay Boyapati 00:02:53 Daisy-Chain of Fraud: Story of DCG and Genisis 00:06:42 History of Barry Silbert, DCG, and Gemini 00:13:30 Risks of Leverage: Where Did They Get the Money From? 00:19:06 Incentive Structures: What led Three Arrows Capital to Blowing Up? 00:25:55 History of “3 Arrows Capital” Going Bankrupt 00:37:22 Similarities Between “DCG, Three Arrows Capital” and “FTX” 00:41:20 Why Didn’t Genesis Declare Bankruptcy? 00:43:15 Potential Legal Woes for Barry Silbert, Genesis, and DCG 00:46:30 “Moral Compass” 00:48:12 Redemption Methods and the Importance of Self-Custody 00:53:11 Should the SEC Convert the “Greyscale ETF?” 00:58:45 Loans from the “Gemini Earn Program” 01:00:22 End of the “Daisy-Chain” 01:05:34 “3 Key Takeaways” From the DCG/Genesis Fraud 01:07:33 How to Connect with Vijay Boyapati 01:08:04 “Swan Signal” Outro Connect with Vijay and Sam: Sam Callahan: https://twitter.com/samcallah Vijay Boyapati: https://twitter.com/real_vijay Link to Vijay Thread: https://twitter.com/real_vijay/status/1721385528510251182 Connect with Swan Bitcoin: YouTube: null Twitter: https://twitter.com/Swan Instagram: https://instagram.com/SwanBitcoin Telegram: https://t.me/swanbitcoin LinkedIn: https://linkedin.com/company/swanbitcoin Swan Bitcoin does not provide any investment, financial, tax, legal or other professional advice. We recommend that you consult with financial and tax advisors to understand the risks and consequences of buying, selling and holding Bitcoin. Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Start your Bitcoin journey today, and your first $10 purchase is on us https://swanbitcoin.com/yt Download the all-new Swan Bitcoin App https://www.swanbitcoin.com/app/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Get your ticket for the Pacific Bitcoin Festival 2023 before prices increase! https://www.pacificbitcoin.com/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Secure your bright orange future with the Swan IRA today! Real Bitcoin, no taxes https://www.swanbitcoin.com/bitcoin-ira/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description For high-net-worth individuals and corporations seeking to build generational wealth with Bitcoin, Swan Private is your guide https://www.swanbitcoin.com/private/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Want to learn more about Bitcoin? Check out the Bitcoin Canon a curated list of the best Bitcoin resources from your favorite experts https://swanbitcoin.com/cannon/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Get paid to recruit new Bitcoiners by joining Swan Force https://www.swanbitcoin.com/enlist/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description