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New York Attorney General Letitia James has filed a lawsuit against cryptocurrency firms Genesis Global, Digital Currency Group (DCG), and Gemini, accusing them of defrauding investors of over $1 billion. The lawsuit seeks restitution for investors, disgorgement of ill-gotten gains, and a ban on the three firms from the financial investment industry in New York.
Lawsuit filed against crypto companies including Winklevoss twins' Gemini for losing over $1 billion of investors' funds.
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New York sues the developers of the Gemini Earn crypto lending service - SiliconANGLE
A crypto exchange had lied to customers about the risks of investment