Gemini, Genesis, DCG Sued by New York AG for Allegedly Defrauding Investors of $1B

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The lawsuit alleges that Gemini knew Genesis’ loans were undersecured and at one point highly concentrated with one entity, Sam Bankman-Fried’s Alameda, but did not reveal this information to investors.

Source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

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