New York Attorney General Letitia James is suing the Winklevoss twin-led exchange Gemini along with the crypto lending firm Genesis and its parent company, Digital Currency Group. The complaint, filed Thursday, alleges that the crypto firms defrauded more than 230,000 investors, including at least 29,000 New Yorkers, of more than $1 billion.
Gemini and Genesis have been locked in a cycle of lawsuits over an investment product called Gemini Earn, with litigation also levied by the Securities and Exchange Commission. The accusations from New York’s attorney general are just the latest in a series of legal woes for the crypto empires belonging to the Winklevoss twins and DCG head Barry Silbert.
