New York sues crypto firms, alleging fraud in $1B case

New York sues crypto firms, alleging fraud in $1B case

New York Attorney General Letitia James filed a lawsuit against cryptocurrency companies, alleging $1 billion in fraud. James alleges that cryptocurrency trading companies Gemini Trust Company, Genesis Global Capital, LLC, its affiliates and Digital Currency Group (DCG) are guilty of defrauding more than 230,000 investors. James’s investigation alleged that Gemini lied to investors about a … Read more

Digital Currency Group Flunks `Giggle Test’ In Court Case, Cameron Winklevoss Claims

Digital Currency Group Flunks `Giggle Test’ In Court Case, Cameron Winklevoss Claims

Cameron Winklevoss, president and co-founder of Gemini © 2021 Bloomberg Finance LP Cameron Winklevoss took Digital Currency Group to task on Friday for its attempt to separate itself from former subsidiary Genesis Global Capital, which is operating under bankruptcy court protection after a liquidity crisis scuttled a lending program last year. Winklevoss, who with his … Read more