Gemini sues Digital Currency Group, Barry Silbert over alleged fraud

Crypto exchange Gemini sued Digital Currency Group and its founder on Friday, accusing Barry Silbert of being “the architect and mastermind of the DCG and Genesis fraud against creditors.”Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.

"This lawsuit seeks to recover from Defendants the damages and losses that Gemini has incurred as a direct result of DCG’s and Silbert’s false, misleading, and incomplete representations and omissions to Gemini, and Defendants’ role in encouraging and facilitating Genesis’s fraud against Gemini," according to the complaint.limbo with over $1.2 billion of assets stuck in Genesis Global, which DCG owns.

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