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International Business Times

Business

Marvie Basilan

Digital Currency Group, CEO Barry Silbert Move To Dismiss New York AG Lawsuit

Barry Silbert Digital Currency Group Genesis New York Gemini Lawsuit Letitia James OAG 3AC

Bitcoin investor and DCG CEO Barry Silbert speaks at a New York State Department of Financial Services virtual currency hearing in the Manhattan borough of New York. (Credit: Reuters)

KEY POINTS

DCG and Silbert have asked the court to dismiss the lawsuit that supposedly had 'inaccurate' accusations
DCG said the New York OAG was making the company a 'scapegoat' for losses other firms caused
The lawsuit stems from losses investors incurred from the defunct Gemini Earn program

Venture capital company Digital Currency Group (DCG) has filed to "dismiss with prejudice" the lawsuit filed against it by New York Attorney General Letitia James, saying the allegations were "blatant mischaracterizations" of the digital currency-focused firm.

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