Gemini's Lawsuit Alleges Fraud Against Digital Currency Group and Barry Silbert

Crypto trust firm Gemini has filed a lawsuit against Digital Currency Group (DCG) and its founder Barry Silbert, alleging "fraud" through DCG subsidiary Genesis. Gemini claims that DCG and Silbert committed fraud by misleading Gemini about Genesis's risk management practices and hiding its insolvency. The lawsuit seeks to recover Gemini's funds from DCG. Gemini and Genesis are also facing a separate lawsuit from the U.S. Securities and Exchange Commission over the Gemini Earn product. DCG has responded to the allegations, calling them defamatory and a publicity stunt.