On October 25th, Genesis Global stated that it may be forced to undergo bankruptcy liquidation that does not involve its claim against Digital Currency Group (DCG) due to a civil fraud lawsuit brought by New York State Attorney General Letitia James against it, its parent company DCG, and former partner Gemini Trust Co. Previously, these three cryptocurrency companies were accused of defrauding investors of more than $1 billion through their joint investment project, Gemini Earn. Genesis plans to propose a "non-settlement" bankruptcy plan, distribute existing cryptocurrency assets to customers, and establish a process to retain the right to sue DCG and other parties.