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Who is suing Gemini Trust Company & Genesis Global Capital?

NEW YORK – New York Attorney General Letitia James today filed a sweeping lawsuit against cryptocurrency companies Gemini Trust Company (Gemini), Genesis Global Capital, LLC and its affiliates (Genesis), and Digital Currency Group, Inc. (DCG) for defrauding more than 230,000 investors, including at least 29,000 New Yorkers, of more than $1 billion.

What does Attorney General James say about Gemini & Genesis?

Through this lawsuit, Attorney General James seeks to ban Gemini, Genesis, and DCG from the financial investment industry in New York, and seeks restitution for investors and disgorgement of ill-gotten gains.

Did Genesis & DCG lie to investors about Gemini earn?

The suit alleges that Genesis and DCG hid $1.1 billion in losses and Gemini lied to investors about its Gemini Earn program. At the heart of the case against these three crypto companies is Gemini 's Earn program, which the lawsuit alleges was marketed as a low-risk investment opportunity for users of the exchange.

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