New York AG Sues Gemini Crypto Exchange, Alleging $1B Fraud Scheme With Ties to FTX

Gemini Trust crypto exchange sued by NY AG for allegedly defrauding $1B from 230k investors

Lawsuit names Gemini, Digital Currency Group, Genesis Global Capital, and execs Barry Silbert & Michael Moro

Allegations include concealing Genesis' finances, falsely claiming it was low-risk, and execs withdrawing own money

Lawsuit claims over 60% of Genesis finances tied to Sam Bankman-Fried's Alameda Research

Gemini denies allegations, claims it was "victim of fraud"; DCG founder Silbert also refutes claims