"NY Attorney General's $3 Billion Crypto Fraud Lawsuit Expansion"

New York Attorney General Letitia James has expanded her lawsuit against Digital Currency Group and other cryptocurrency defendants, alleging a fraud scheme of over $3 billion. The lawsuit claims that investors were misled about the Gemini Earn program, resulting in over $1 billion of losses. James seeks over $3 billion in restitution for more than 230,000 investors. Digital Currency Group denies the allegations and expects to win in court. Genesis, a unit of DCG, is shutting down and has reached a settlement with James' office, agreeing to pay on the fraud claims as long as it fully repays customers through the Chapter 11 process.