CNN - New York AG accuses crypto firms of deceiving investors in $1 billion fraud

https://edition.cnn.com/2023/10/19/tech/crypto-firms-fraud-charges-new-york/index.html

New York Attorney General Letitia James filed a lawsuit against Gemini Trust, Genesis Global Capital, and Digital Currency Group, accusing them of lying to investors and covering up more than $1 billion in losses.

The lawsuit alleges that Gemini deceived investors about significant risks associated with a lending service it ran jointly with Genesis, called Gemini Earn.

At least 29,000 New Yorkers were among the 230,000 investors whose money was lost, James said.

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