NY Attorney General Expands Crypto Fraud Lawsuit to $3 Billion

Letitia James intensifies legal action against Digital Currency Group and affiliates, seeking restitution for over 230,000 investors.

New York Attorney General Letitia James has tripled the fraud accusations against Digital Currency Group (DCG) and its affiliates, now seeking $3 billion in restitution.
The expanded lawsuit alleges that DCG, Genesis Global Capital, and Gemini Trust misled investors about the safety of their investments in the Gemini Earn program.
Genesis Global has settled with the NY Attorney General, agreeing to cease business in New York as part of its bankruptcy proceedings.
The lawsuit claims over 230,000 investors were defrauded, with many coming forward after the initial lawsuit was filed.
DCG and its affiliates face multiple legal challenges, including a recent settlement with the SEC and ongoing bankruptcy proceedings for Genesis.