New York sues crypto firms for alleged $1 billion fraud, cites SBF hedge fund bet
Crypto firms DCG and Gemini allegedly defrauded investors out of a collective $1.1 billion, New York prosecutors alleged.
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Crypto firms DCG and Gemini allegedly defrauded investors out of a collective $1.1 billion, New York prosecutors alleged.
A suit filed Thursday alleges cryptocurrency companies concealed $1.1 billion in losses, and one lied to investors.
A crypto firm owned by the Winklevoss twins and another run by billionaire Barry Silbert allegedly bilked investors out of $1.1 billion, according to a bombshell lawsuit filed Thursday by New York's attorney general.
Gemini claims to have been duped by Genesis, but New York’s AG says the Winklevoss twins knew and took investor money anyways through 'Gemini Earn.'
New York's attorney general has filed a lawsuit against Gemini, Genesis, DGC for allegedly defrauding investors through the Gemini Earn investment program.