DCG Seeks Dismissal of NY AG Lawsuit Alleging Fraud Related to Genesis Collapse, Calls Allegations Inaccurate and Often Outright False

• Digital Currency Group (DCG) and CEO Barry Silbert filed motions to dismiss NY Attorney General Letitia James' lawsuit alleging $3B fraud related to Gemini Earn and Genesis • DCG claims it contributed $1.4B into Genesis after Three Arrows Capital and FTX collapsed, not removing money as speculated • DCG contests allegations it took an 18K bitcoin loan from Genesis after 3AC collapse, calling it a repapering of prior loans • DCG calls allegations "inaccurate throughout the complaint and often outright false" • Genesis proposed a settlement with NY AG which DCG objected to, calling it an attempt to circumvent bankruptcy law