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New York sues crypto firms for alleged $1 billion fraud, cites SBF hedge fund bet

Por: NBC News Tech October 19, 2023

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Crypto firms Digital Currency Group and Gemini defrauded more than 230,000 investors out of a collective $1.1 billion, New York state prosecutors said in a lawsuit filed in Manhattan Thursday. They cited a series of missteps, including failure to adequately manage the risk associated with exposure to Sam Bankman-Fried’s bankrupt and allegedly fraudulent crypto trading firm. To perpetrate the alleged fraud, Digital Currency Group and its... + full article



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