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Crypto firms Gemini, DCG sued by New York for allegedly bilking investors of $1.1 billion

Por: CBS News Business October 19, 2023

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New York Attorney General Letitia James is suing Gemini Trust Co. and Digital Currency Group, accusing the  companies of defrauding more than 230,000 cryptocurrency investors of $1.1 billion.Crypto exchange operator Gemini and DCG's Genesis Global Capital unit allegedly did not disclose financial risks to those investing in Earn, a crypto-lending program they began in 2021, according to the lawsuit filed Thursday by the state's top... + full article



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