Posted 10/27/2023, 6:38:34 PM
Gemini Sues Genesis Over $1.6 Billion in Grayscale Bitcoin Shares to Repay Clients
- Gemini sues Genesis for control of $1.6 billion in Grayscale Bitcoin Trust shares to repay Earn program clients
- Lawsuit filed in New York bankruptcy court to regain shares following Genesis suspending withdrawals last year
- Genesis is subsidiary of Digital Currency Group which controls Grayscale Bitcoin Trust
- Genesis filed for bankruptcy in January and ceased operations last month
- New York Attorney General sued DCG, Genesis and Gemini in February for allegedly defrauding customers out of $1.1 billion
