Lawsuit Targets Crypto Exchange Gemini, Accusing it of Defrauding Investors
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Lawsuit Targets Crypto Exchange Gemini, Accusing it of Defrauding Investors

Legal Battle Involving Gemini, DCG, and Genesis Capital Unfolds

DCG founder Barry Silbert responded to the allegations with a statement that strongly refuted the claims, expressing his shock at the “baseless allegations” and his intent to fight the claims in court. Cameron Winklevoss has not issued his own statement but did retweet Gemini’s response to the matter.

Genesis halted all cryptocurrency trading last month and filed for bankruptcy protection in January. The lawsuit filed today aims to recover the $1 billion in losses and seeks to ban all three companies involved from the financial industry in New York.