⚡ Crypto Companies Under Scrutiny by New York Attorney General
posted 19 Oct 2023
New York Attorney General Letitia James has filed a lawsuit against major cryptocurrency firms, including Gemini, Genesis Global Capital, and Digital Currency Group, accusing them of a $1 billion fraud.
According to the lawsuit, the leadership of these companies misled investors and concealed losses while promising high returns on investments and low risks.
Letitia has detailed Gemini's awareness of Genesis liquidity crisis, excessive leverage, and connections with the bankrupt Alameda Research fund.
According to the lawsuit, the leadership of these companies misled investors and concealed losses while promising high returns on investments and low risks.
Letitia has detailed Gemini's awareness of Genesis liquidity crisis, excessive leverage, and connections with the bankrupt Alameda Research fund.
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