Gemini takes legal action against Digital Currency Group for alleged fraudulent activities
Gemini Trust Company has filed a lawsuit against Digital Currency Group (DCG) and its CEO Barry Silbert, citing allegations of fraud related to a billion-dollar discrepancy in DCG’s subsidiary Genesis’s balance sheet. Mounting accusations and rebuttal The New York-based Gemini entered into a partnership with Genesis that facilitated customers to earn up to 7.4% in…