New York Attorney General Sues Crypto Giants, Demands $3B for Investor Fraud
Letitia James, the attorney general of New York, is requesting $3 billion in damages in her lawsuit against the crypto companies Gemini Trust and Digital Currency Group (DCG). This rise from the initial $1.1 billion is intended to assist more investors who fell for Gemini Earn’s deceptive claims. James claimed that when the lawsuit was filed in October, Gemini, DCG, and their executives had deceived investors by making false claims about how simple it would be to receive their money back from Gemini Earn and about the strength of Genesis Capital. She is now requesting $3 billion because there are