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Digital Currency Group Files for Dismissal of New York Attorney General’s Lawsuit

Digital Currency Group and its CEO Barry Silbert have filed motions to dismiss a lawsuit brought by New York Attorney General Letitia James.The lawsuit alleges investors tied to the now-defunct Gemini Earn product and those with direct investments with DCG unit Genesis have been defrauded out of $3 billion.Rather than remove money from Genesis following the collapse of Three Arrows Capital and crypto exchange FTX, DCG contributed some $1.4 billion (at today's prices) into the stricken business, ...

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