Digital Currency Group (DCG), the parent company of Genesis Global, is raising legal concerns over Genesis' bankruptcy strategy and seeking plan rejection. Genesis Global has settled a lawsuit with New York Attorney General Letitia James over allegations of defrauding customers through its now-defunct Gemini Earn program, jointly run with Gemini Trust. The lawsuit has been expanded, with the NYAG seeking more than $3 billion from DCG and Gemini. Genesis Global won a court ruling confirming its ownership of 31.2 million shares of Grayscale Bitcoin Trust, benefiting the bankrupt cryptocurrency lender's creditors.
ICYMI: Genesis moves to settle lawsuit brought by New York https://t.co/PAeY9T2T7b
NY AG Letitia James claims Winklevoss twins' crypto exchange Gemini and rival Genesis defrauded customers of $3 BILLION as she expands lawsuit https://t.co/9cy1kNgPzG https://t.co/OKZwOe0dOs
Genesis Global won a court ruling confirming its ownership of 31.2 million shares of Grayscale Bitcoin Trust, a windfall for the bankrupt cryptocurrency lender’s creditors https://t.co/YqYSNHeaeE
NY's attorney general amended her October lawsuit and is now seeking $3 billion from DGC and Gemini https://t.co/OToDrvzTCl
Crypto fraud suit tied to Winklevoss twins expanded to $3B by NY AG Letitia James https://t.co/4ZjfJrATfv https://t.co/I4FrMpnx68
DCG, Genesis, Gemini Earn: The NYAG is expanding the set of claims against DCG. The NYAG is seeking more than $3 Bn+ of restitution for the more than 230,000 investors. DCG isn't even worth $3 Bn - and neither is Grayscale now that GBTC has outflows. https://t.co/vpcdPvEy4e https://t.co/oiACVJPTbk https://t.co/iFHWZ5Sst8
Genesis moves to settle lawsuit brought by New York https://t.co/MhqmZk7E0K
Bankrupt Genesis Global settles NY Attorney General's lawsuit https://t.co/of4MIbj1Dq https://t.co/0cQc4cVTTp
Another settlement for bankrupt Genesis, this time related to NYAG suit https://t.co/2X1MW1EZ0x
Bankrupt crypto lender Genesis Global has reached a settlement with New York Attorney General Letitia James over allegations of defrauding customers through its now-defunct Gemini Earn program https://t.co/kCA0I9imOC
Genesis Global has settled a lawsuit brought by New York’s top law enforcement official alleging the bankrupt crypto lender defrauded customers of its now-terminated Gemini Earn program, which was run jointly with Gemini Trust https://t.co/GBCMV6bSNk
Digital Currency Group, the parent of Genesis Global, says it would be shortchanged under the crypto lender’s bankruptcy plan https://t.co/ODv71PmCnX
#Crypto Firm DCG Raises Legal Concerns Over Genesis' Bankruptcy Strategy, Seeks Plan Rejection https://t.co/JueHGSnwL5