A man walks past the logo of Gemini Trust, a digital currency exchange and custodian, during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello/File Photo Acquire Licensing Rights
Oct 19 (Reuters) – New York Attorney General Letitia James on Thursday sued cryptocurrency firms Gemini, Genesis Global and Digital Currency Group for allegedly “defrauding” investors of more than $1 billion.
An investigation by the Office of the Attorney General had found Gemini “lied” about an investment program it ran with Genesis, James alleged.
The companies did not immediately respond to Reuters’ requests for comment.
Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta and Krishna Chandra Eluri
Our Standards: The Thomson Reuters Trust Principles.
