NY AG Letitia James triples crypto fraud lawsuit to $3B
Fox News
New York Attorney General Letitia James sued Digital Currency Group for $1 billion in Oct. 2023 for misleading investors. James expanded the suit to $3 billion Friday as more investors came forward.
She claimed they caused more than $1 billion of losses by misleading investors about the Gemini Earn program, which let customers lend crypto assets to Genesis in exchange for a high rate of return.
The attorney general said it had become clear as more investors came forward that "the scam perpetrated by DCG through Genesis" also ensnared investors who sent money directly to Genesis and were falsely assured their money was safe.
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