"New York Attorney General Triples Crypto Fraud Lawsuit to $3 Billion"

New York Attorney General Letitia James has expanded the fraud lawsuit against Digital Currency Group (DCG) and Gemini, now claiming they are responsible for $3 billion in investor losses tied to the defunct Gemini Earn program and direct investments with Genesis. The companies are accused of misleading investors and assuring them of the safety of their money, despite allegedly being aware of impending financial doom. The lawsuit has been expanded to include more investors who reported similar harm, prompting calls for stronger cryptocurrency regulations. DCG has responded by accusing the attorney general of seeking press attention and has vowed to fight the claims aggressively.