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Home » New York Expands Lawsuit Against Gemini And DCG—Claiming $3 Billion In Alleged Crypto Fraud Scheme – Forbes

New York Expands Lawsuit Against Gemini And DCG—Claiming $3 Billion In Alleged Crypto Fraud Scheme – Forbes

New York Expands Lawsuit Against Gemini And DCG—Claiming $3 Billion In Alleged Crypto Fraud Scheme – Forbes

ToplineNew York expanded its complaint against Gemini and Digital Currency Group on Friday, alleging both cryptocurrency firms defrauded thousands of investors of an additional $2 billion, after Attorney General Letitia James filed a civil lawsuit against the companies late last year seeking more than $1 billion in restitution. Key Facts The revised complaint now includes more than 230,000 investors who claim they were defrauded by Gemini—run by billionaire twins Cameron and Tyler Winklevoss—and Genesis, DCG’s bankrupt crypto lending arm, after they failed to disclose risks associated with the crypto investing program Gemini Earn, James said Friday. Dozens of additional investors have… 

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