Crypto Firms Face Legal Action in New York Over Alleged Investment Misrepresentations

The New York attorney generals office has launched a legal challenge against cryptocurrency businesses Gemini, Genesis, and Digital Currency Group, accusing them of misleading investors via the Gemini Earn investment initiative. According to details provided by Attorney General Letitia James, the lawsuit alleges that these entities duped over 23,000 investors, including a sizable portion of 29,000 New York residents, leading to financial losses exceeding $1 billion. The probe spearheaded by James team contends that Gemini misrepresented facts about its Gemini Earn initiative, which it...

source: https://tokenpost.com/Crypto-Firms-Face-Legal-Action-in-New-York-Over-Alleged-Investment-Misrepresentations-10852

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