US prosecutors have accused three high-profile cryptocurrency firms of defrauding investors of more than $1bn. New York Attorney General Letitia James said Gemini, a crypto exchange, had lied to customers about the risks of an investment account it offered, which paid high interest rates on crypto. Genesis, a crypto lender, and its parent company Digital Currency Group were also involved in the programme.
Letting the Skeletons Out It looks like former FTX CEO Sam Bankman-Fried is doomed to come to face-to-face with some ghosts of the crypto exchange's destructive past. The disgraced crypto founder, who has been behind bars for several weeks while awaiting his impending criminal trial, is due in court tomorrow to face a slew of […]