Cointime

Cointime

Download App
iOS & Android
Home / JUST IN

Digital Currency Group Responds to Gemini Lawsuit, Calls it a "Publicity Stunt"

Digital Currency Group has dismissed the lawsuit filed against it by Gemini as a "publicity stunt" by Cameron Winklevoss. Gemini had accused DCG and its CEO Barry Silbert of defrauding its creditors by continuing the Earn program despite knowing about Genesis' insolvency. DCG has denied any wrongdoing and called Gemini's claims baseless and defamatory. The mediation process is said to be nearing a close, and DCG expects to bring the Genesis Chapter 11 case to a conclusion soon.

Gemini Fraud
Comments

All Comments

Recommended for you

  • Cointime August 11st News Express

    1.Fed Governor Bowman: Be cautious about rate cuts

  • Cointime August 4 News Express

    1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

  • Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

    According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches.

  • Trump team files complaint over Harris inheriting $96 million in Biden campaign funds

    According to reports from foreign media, the Trump campaign team has filed a complaint with the Federal Election Commission, claiming that Biden's transfer of $96 million in campaign funds to Harris is illegal. David Warrington, a lawyer for the Trump campaign team, said that this was a "shameless money-grabbing act" and would constitute the largest excessive donation and most serious violation in the history of the Federal Election Law. Shortly after Biden withdrew from the election and appointed Harris as his preferred successor, she took over Biden's campaign committee's bank account. Steve Roberts, a lawyer who represented Republican candidates, said that the argument against the transfer was a "wishful thinking" of his Republican colleagues. The Harris campaign team said that this complaint would not affect its fundraising or spending.

  • Donald Trump Plans to Release Fourth NFT Collection, Embraces Crypto Industry

    Former US President Donald Trump is reportedly planning to release a fourth NFT collection, as he continues to embrace the crypto industry. In a recent interview with Bloomberg Businessweek, Trump stated that his previous NFT collections were "very successful" and sold out in a day. He also revealed that he plans to release another collection, as his supporters are demanding it. Trump's campaign has also started accepting crypto donations, and he has been vocal about the importance of the US not falling behind China in the crypto industry.

  • Gemini to Pay $50 Million to Gemini Earn Investors, Reaches Settlement with New York Attorney General’s Office

    According to Bloomberg, cryptocurrency exchange Gemini has reached a settlement with the New York Attorney General's Office over a fraud lawsuit, agreeing to pay $50 million worth of digital assets to Gemini Earn investors. As part of the settlement agreement, Gemini Earn is also prohibited from operating in the state. Gemini said in a statement on Friday that the final distribution of proceeds will arrive in customer accounts within seven days.Previously, New York Attorney General Letitia James sued Gemini in October last year, accusing the platform of misleading investors in the Gemini Earn project, resulting in losses of over $1 billion.

  • Italy and four other European countries cracked down on virtual currency fund fraud and confiscated 600 million euros in assets

    Four countries - Italy, Austria, Romania, and Slovakia - have taken joint action to arrest 22 individuals on suspicion of participating in a fraud scheme involving the EU's post-coronavirus recovery fund. The operation resulted in the seizure of over 600 million euros in assets, including Lamborghini and Porsche sports cars, Rolex watches, Cartier jewelry, and virtual currency.

  • The Zhangzhou Public Security Bureau in Fujian Province cracked the "Prosperous China Digital Currency" fraud case, involving a total amount of up to 200 million yuan.

    The public security organs of Zhangzhou City, Fujian Province, have solved a national case involving ethnic asset thawing, involving more than 10,000 victims in 29 provinces and cities across the country, after two years of investigation. According to the police officers of the special case team, the fraudsters fabricated false projects such as "Shengshi Zhonghua Digital Currency" to deceive victims into purchasing so-called "digital currency membership cards" under the guise of investment, claiming that "Shengshi Zhonghua has already connected to the H5 port of the central bank." At present, the police have arrested 178 criminal suspects and the amount involved is 200 million yuan.

  • Ledger: Beware of phishing and scams, only two official accounts

    Ledger officials have warned about ongoing phishing and fraud. Ledger only has two genuine social media accounts, @ledger and @ledger_support. The rest are fake accounts, and anyone asking for your 24-word recovery phrase is a criminal.

  • Taiwan’s “Duoduo Blind Box” defrauded nearly NT$10 million in Tether

    China Taiwan's "Dodo Blind Box" is involved in virtual currency fraud of nearly 10 million new Taiwan dollars. The platform uses the virtual currency Tether, with each blind box costing at least 300 Tether and the most expensive being 2000 Tether. After people grab the blind box, the platform immediately adds 3% and then sells it on the platform. Currently, at least 8 people have been deceived, with the amount involved reaching over 9 million new Taiwan dollars.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company