Digital Currency Group (DCG) has appointed Aimie Killeen as its first chief legal officer amidst legal challenges, including a lawsuit from the New York Attorney General. Killeen, who previously served as the chief legal officer at Billtrust and held positions at Australian law firm Ashurst and DirectCash, will oversee international legal matters, mergers and acquisitions, and compliance. DCG’s CEO Barry Silbert expressed excitement about Killeen joining the leadership team as the company continues to navigate the evolving industry landscape.
The appointment of Aimie Killeen comes at a time when DCG is facing legal challenges, including the bankruptcy of its subsidiary Genesis following the collapse of the FTX exchange in January 2023. DCG has also been dealing with a lawsuit alleging investor fraud, with CEO Barry Silbert seeking to dismiss the lawsuit filed by New York AG Letitia James. The lawsuit, filed in October and later expanded, accuses DCG of hiding losses from investors tied to Gemini Earn and defrauding them of $3 billion. It further alleges financial irregularities through a promissory note between the parent company and Genesis.
In response to the lawsuit, CEO Barry Silbert sought to dismiss the allegations of investor fraud, arguing against the claims made by the New York Attorney General. The lawsuit aims to prevent Gemini, Genesis, and DCG from engaging in financial investment activities in New York and seeks compensation for investors as well as recovery of any unlawfully acquired profits. DCG is currently under legal scrutiny as it navigates the legal challenges brought about by the bankruptcy of Genesis and the allegations of investor fraud.
Aimie Killeen’s background in law and financial services positions her as a strategic addition to DCG’s leadership team as the company continues to grow and adapt to the changing industry environment. With experience at companies like Billtrust, Ashurst, and DirectCash, Killeen brings a wealth of knowledge to her role as the chief legal officer at DCG, where she will oversee various legal and compliance matters. The appointment of Killeen reflects DCG’s commitment to addressing legal challenges and ensuring compliance in an increasingly complex regulatory environment.
As DCG faces lawsuits and regulatory challenges, the appointment of Aimie Killeen as its first chief legal officer signals the company’s focus on legal compliance and risk management. Killeen’s experience in the legal and financial services sectors positions her well to navigate the legal hurdles that DCG is currently facing, including the lawsuit alleging investor fraud. With her leadership, DCG aims to strengthen its legal capabilities and address the legal challenges that have arisen following the bankruptcy of Genesis and the allegations of financial misconduct. By appointing Killeen, DCG is taking proactive steps to manage its legal risks and ensure compliance with regulatory requirements as the company navigates the evolving crypto industry landscape.
