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NY Seeks $3 Billion in Expanded Digital Currency Group Lawsuit

(Bloomberg) -- The alleged fraud involving Gemini Trust Co. and Barry Silbert’s Digital Currency Group was three times bigger than initially thought, the New York attorney general said in a revised lawsuit that now seeks $3 billion in restitution for more than 230,000 investors.Most Read from BloombergGermany’s Days as an Industrial Superpower Are Coming to an EndTop Nigerian Banker Killed in California Helicopter CrashNATO Joins White House in Rejecting Trump’s Remarks on A...
New York United States Bloomberg Businessweek Michael Moro Letitia James Tyler Winklevoss
Source: yahoo.com

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Gemini, DCG Sued by NY for Alleged $1.1 Billion Crypto Fraud

(Bloomberg) -- Gemini Trust Co. and Barry Silbert’s Digital Currency Group were sued by New York’s top law-enforcement officer for allegedly defrauding customers of $1.1 billion, escalating legal woes for two companies hit hard by last year’s plunge in cryptocurrency markets.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearTesla Tempers Growth Expectations as Musk Sees Storm AheadWhere Does Israel Get Its 220,000 Barrels of...
New York United States Tyler Winklevoss Cameron Winklevoss Bloomberg Businessweek Emily Nicolle
Source: yahoo.com

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