"NY AG Letitia James Triples Crypto Fraud Lawsuit to $3B Against Winklevoss Twins and Genesis Global"
New York Attorney General Letitia James has expanded her lawsuit against Digital Currency Group and other cryptocurrency defendants, tripling the alleged fraud scheme to over $3 billion. The lawsuit, initially claiming over $1 billion in losses, involves misleading investors about the Gemini Earn program. James seeks restitution for more than 230,000 investors who were allegedly defrauded, emphasizing the need for stronger cryptocurrency regulations. Representatives for the defendants did not immediately respond to requests for comment, and bankruptcy filings and legal actions by the SEC further complicate the situation.