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- Crypto trust firm Gemini sued Digital Currency Group on Friday, alleging the industry conglomerate and its founder Barry Silbert committed "fraud" through DCG subsidiary Genesis, which held funds for Gemini tied to the latter company's Earn program.
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Who is suing Gemini Trust Company & Genesis Global Capital?
Did Genesis & DCG lie to investors about Gemini earn?
How much did Gemini & Genesis fraud cost New Yorkers?
Will DCG stop Gemini & Genesis from trading in New York?
Oct 19, 2023 · Crypto Groups Gemini, Genesis, and DCG Sued for $1.1 Billion ‘Fraud’. New York’s attorney general has filed a lawsuit against crypto companies, including the Winkelvoss twins’ Gemini, alleging...
Oct 19, 2023 · Gemini allegedly knew Genesis' loans were undersecured and that its loans were highly concentrated in one firm, Bankman-Fried's Alameda Research. At one point Alameda accounted for nearly 60% of Genesis' outstanding loans to third parties, according to the suit.
- Crystal Kim
Oct 19, 2023 · The New York attorney-general has sued cryptocurrency conglomerate Digital Currency Group, the Winklevoss twins’ exchange Gemini and collapsed crypto lender Genesis for allegedly defrauding...
- Nikou Asgari
Oct 19, 2023 · An investigation by the Office of the Attorney General (OAG) found that Gemini lied to investors about an investment program it ran with Genesis called Gemini Earn. Gemini repeatedly assured investors that investing with Genesis through their Gemini Earn program was a low-risk investment.
Jul 7, 2023 · The legal action alleges that DCG and Silbert “engaged in a fraudulent scheme to induce a variety of depositors, including Gemini users,” in order to “lend huge amounts of cryptocurrency and U.S. Dollars to DCG’s subsidiary Genesis Global Capital.”
- Katherine Ross
Oct 19, 2023 · New York State Attorney General Letitia James is suing cryptocurrency firms Gemini, Genesis, and Digital Currency Group (DCG) on charges of fraud in a lawsuit announced Thursday. The suit...
Oct 19, 2023 · In the latest cryptocurrency crackdown, New York attorney general Letitia James said on Thursday (Oct. 19) that her office has sued Gemini Trust, Genesis Global, and Digital Currency Group (DCG...
