New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies. Now, Attorney General Letitia James is alleging that the fraud scheme carried out by Digital Currency Group (DCG), its Genesis Global Capital offshoot, and Gemini Trust was three times the size once thought, at $3 billion. In an amended...
New York Attorney General Letitia James accused Citi of failing to protect fraud victims. In a lawsuit filed Tuesday (Jan. 30), the state’s top prosecutor alleged that the banking giant has no protections against account takeovers, misleads customers about their rights when their accounts are...
The Commodity Futures Trading Commission (CFTC) is reportedly considering filing a lawsuit against Celsius Network and its former CEO. The agency’s investigators have concluded that the bankrupt crypto lender and former CEO Alex Mashinsky broke rules before the company collapsed, Bloomberg reported Wednesday (July 5), citing unnamed...
Rather than enjoying a spring thaw, crypto’s 2022 winter is transitioning to an ice age. This, as New York Attorney General (NYAG) Letitia James on Thursday (March 9) alleged that the popular cryptocurrency ether is a security in a freshly filed lawsuit against KuCoin, one...
March 06, 2024
Digital Currency Group (DCG) wants a lawsuit accusing it of defrauding cryptocurrency investors dismissed. The company is urging a New York court to throw out the lawsuit, which alleges DCG defrauded investors via its Genesis Global Capital business, Reuters reported Wednesday (March 6). New York Attorney General Letitia James last year sued DCG, crypto lender Genesis, and Gemini Trust, the […]
February 11, 2024
New York has expanded what had been a $1 billion lawsuit against three cryptocurrency companies. Now, Attorney General Letitia James is alleging that the fraud scheme carried out by Digital Currency Group (DCG), its Genesis...
January 30, 2024
New York Attorney General Letitia James accused Citi of failing to protect fraud victims. In a lawsuit filed Tuesday (Jan. 30), the state’s top prosecutor alleged that the banking giant...
July 05, 2023
The Commodity Futures Trading Commission (CFTC) is reportedly considering filing a lawsuit against Celsius Network and its former CEO. The agency’s investigators have concluded that the bankrupt crypto lender and...
