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DCG, Top Executives Renew Push to Get New York AG’s Civil Fraud Suit Dropped

[Jul 2 1:24 PM] Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top executives – CEO and founder Barry Silbert and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned trading arm Genesis – have made a final effort to convin

New York Recovers $50 Million From Gemini — Bans the Exchange From Crypto Lending in the State

[Jun 15 10:21 AM] New York Attorney General Letitia James has secured a $50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were…

New York Cracks Down on Crypto Pyramid Schemes Targeting Immigrants

[Jun 7 5:16 PM] New York Attorney General Letitia James has sued Novatechfx, AWS Mining, and their founders for orchestrating crypto pyramid schemes that defrauded over 11,000 New Yorkers out of more than a billion dollars in cryptocurrency. These companies…

New York AG Pushes Back Against DCG, Silbert’s Motion to Dismiss Fraud Case

[Jun 7 1:26 PM] New York Attorney General Letitia James is not backing down from her lawsuit against Digital Currency Group, its founder and CEO Barry Silbert, and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned crypto trading arm, Genesis.

NYAG Takes Victory Lap as Court Approves Genesis Settlement

[May 20 11:16 PM] NYAG says the settlement will establish a fund for New Yorkers who invested more than $1.1 billion in Genesis through the Gemini Earn program and blocks Genesis from operating in the state.

Report: DCG, Barry Silbert Seek Dismissal of NYAG Lawsuit, Citing ‘Baseless Innuendo’ and Integrity in Operations

[Mar 6 12:30 PM] Digital Currency Group (DCG) has submitted a request to the court to drop the legal action taken against it by New York Attorney General Letitia James. DCG argues that it’s “wrongfully” depicted and maintains that the lawsuit is nothing but a…

Court Filing Shows Genesis Settled With NYAG, Aims to End Crypto Lending Platform Dispute

[Feb 10 1:00 PM] After settling with the U.S. Securities and Exchange Commission (SEC), Genesis Global has reportedly reached an agreement to settle with the Office of the New York Attorney General. The official had accused the company, along with its parent…

KuCoin to Pay $22M, Exit New York to Settle State Suit

[Dec 12, 2023 8:42 AM] The exchange will pay $5.3 million to the attorney general's office and refund New York customers $16.77 million.

DCG, Genesis Were the ‘Adults in the Room’ but Didn’t Behave Like It

[Oct 19, 2023 12:42 PM]

Gemini, Genesis, DCG Face $1B Fraud Lawsuit by NY Attorney General; Gemini Says It’s the ‘Victim’ in Scandal

[Oct 19, 2023 7:56 AM] New York Attorney General Letitia James filed a lawsuit against crypto companies Gemini Trust Company, Genesis Global Capital, and its parent company Digital Currency Group (DCG) for allegedly defrauding over 230,000 investors out of more than $1…

Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents

[Jun 16, 2023 9:11 AM] Tether's banking relationships were detailed in a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin, in documents obtained by CoinDesk under a Freedom of Information Law request.

Coinex Settles With NY Attorney General, Pays $1.7M in Penalties; Announces Exit from US Market

[Jun 16, 2023 8:30 AM] According to a press release issued on June 15 by the Office of the New York State Attorney General, the cryptocurrency exchange Coinex has reached a settlement with Letitia James, the chief law enforcement officer. The attorney general stated that…

‘Landmark’ Crypto Law Proposed in New York to Establish ‘Strongest and Most Comprehensive’ Crypto Regulations in US

[May 7, 2023 7:30 PM] New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most comprehensive set of regulations on cryptocurrency” in the United States. “Rampant fraud and dysfunction have beco

Is Ether a Security?

[Mar 16, 2023 5:38 PM] Last Thursday morning, I wondered whether I needed to write a follow-up piece about Silvergate Bank. On Thursday evening, I wondered whether my main topic should instead be about ether potentially being a security. And then, obviously, some things…

CoinEx crypto exchange sued by New York for failing to register with state

[Feb 22, 2023 9:58 PM] The NY Attorney General is looking for a court order to remove the exchange from the state and wants it to block all internet addresses originating from New York.

Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product

[Jan 19, 2023 11:30 PM] The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest…

Here's why $16.5K is critical for November's $1.14B Bitcoin options expiry

[Nov 23, 2022 1:45 PM] BTC bulls were liquidated during the drop to $15,500 on Nov. 21, and more downside could occur if bears profit $245 million during Friday's expiry.