Attorney general Letitia James brings lawsuit against Genesis Global – and parent DCG – and Gemini
The New York attorney general, Letitia James, on Thursday sued the cryptocurrency firms Genesis Global, and its parent company Digital Currency Group (DCG), and Gemini for allegedly “defrauding” investors of more than $1bn.
At the heart of the lawsuit is a program Gemini ran in partnership with Genesis. Dubbed “Gemini Earn”, the program let customers lend crypto assets such as bitcoin to Genesis.
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Attorney general Letitia James brings lawsuit against Genesis Global – and parent DCG – and Gemini
The New York attorney general, Letitia James, on Thursday sued the cryptocurrency firms Genesis Global, and its parent company Digital Currency Group (DCG), and Gemini for allegedly “defrauding” investors of more than $1bn.
At the heart of the lawsuit is a program Gemini ran in partnership with Genesis. Dubbed “Gemini Earn”, the program let customers lend crypto assets such as bitcoin to Genesis. Continue reading…Technology | The Guardian