New York Attorney General Sues Gemini, Genesis, and DGC for Allegedly Defrauding Investors

New York’s attorney general has initiated legal action against cryptocurrency companies Gemini, Genesis, and Digital Currency Group (DCG) for allegedly defrauding investors through the Gemini Earn investment program.

In an official statement, Attorney General Letitia James’ office outlined the allegations, asserting that the firms deceived over 23,000 investors, including 29,000 residents of New York, collectively amounting to more than $1 billion in losses.