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Nalezeno "NYAG": 59

DCG, Top Executives Renew Push to Get New York AG’s Civil Fraud Suit Dropped

2.7.2024
Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top executives – CEO and founder Barry Silbert and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned trading arm Genesis – have made a final effort to convince a judge to toss out New York Attorney General...

New York Recovers $50 Million From Gemini — Bans the Exchange From Crypto Lending in the State

15.6.2024
New York Attorney General Letitia James has secured a $50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were unable to withdraw when the program collapsed....

New York Cracks Down on Crypto Pyramid Schemes Targeting Immigrants

8.6.2024
New York Attorney General Letitia James has sued Novatechfx, AWS Mining, and their founders for orchestrating crypto pyramid schemes that defrauded over 11,000 New Yorkers out of more than a billion dollars in cryptocurrency. These companies targeted vulnerable immigrant communities, particularly...

New York AG Pushes Back Against DCG, Silbert’s Motion to Dismiss Fraud Case

7.6.2024
New York Attorney General Letitia James is not backing down from her lawsuit against Digital Currency Group, its founder and CEO Barry Silbert, and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned crypto trading arm, Genesis

NYAG Sues 2 Crypto Pyramid Schemes, Promoters Targeting Haitian-Americans in $1B Scam

6.6.2024
New York Attorney General Letitia James has filed suit against two purported crypto companies and their top promoters, a married couple, for allegedly operating two consecutive pyramid schemes that predominantly targeted Haitian immigrants to the U.S

NYAG Takes Victory Lap as Court Approves Genesis Settlement

21.5.2024
NYAG says the settlement will establish a fund for New Yorkers who invested more than $1.1 billion in Genesis through the Gemini Earn program and blocks Genesis from operating in the state

DCG and Barry Silbert file motions to dismiss civil lawsuit by NYAG

7.3.2024
DCG, an acronym for Digital Currency Group, shared the news of filing a motion to dismiss a civil lawsuit against Gemini, Genesis, and DCG. The New York Attorney General filed the lawsuit, alleging that DCG borrowed roughly 18k BTC from Genesis after Three Arrow Capital defaulted on its loans....

Report: DCG, Barry Silbert Seek Dismissal of NYAG Lawsuit, Citing ‘Baseless Innuendo’ and Integrity in Operations

6.3.2024
Digital Currency Group (DCG) has submitted a request to the court to drop the legal action taken against it by New York Attorney General Letitia James. DCG argues that it’s “wrongfully” depicted and maintains that the lawsuit is nothing but a “thin web of baseless innuendo.” DCG Challenges...

Court Filing Shows Genesis Settled With NYAG, Aims to End Crypto Lending Platform Dispute

10.2.2024
After settling with the U.S. Securities and Exchange Commission (SEC), Genesis Global has reportedly reached an agreement to settle with the Office of the New York Attorney General. The official had accused the company, along with its parent company Digital Currency Group and Gemini, regarding...

New York Attorney General Triples Fraud Allegations Against DCG to Over $3 Billion

9.2.2024
New York Attorney General Letitia James has escalated the state’s legal action against Digital Currency Group (DCG), tripling the estimated size of the alleged fraud to over $3 billion. This development follows a prolonged investigation by James’s office, which uncovered additional...

DCG Hires Former Trump Impeachment Counsel in Defense Against NYAG Civil Lawsuit

1.11.2023
Digital Currency Group (DCG) has found itself under intense legal scrutiny after it was confronted with a civil lawsuit filed by New York Attorney General Letitia James on October 19. In an attempt to challenge the allegations, DCG has enlisted renowned litigator Barry Berke, who previously served...

Digital Currency Group’s Q3 Shareholder Letter: Surprise Over NYAG Lawsuit

25.10.2023
Crypto industry powerhouse Digital Currency Group (DCG) has provided a response to its latest fraud lawsuit from the New York Attorney General (NYAG) last week, alongside updated Q3 financial figures. The conglomerate raked in $188 million in the third quarter, compared to $153 million in Q3 2022....

DCG, Genesis Were the ‘Adults in the Room’ but Didn’t Behave Like It

19.10.2023

Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents

16.6.2023
Tether's banking relationships were detailed in a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin, in documents obtained by CoinDesk under a Freedom of Information Law request

Coinex Settles With NY Attorney General, Pays $1.7M in Penalties; Announces Exit from US Market

16.6.2023
According to a press release issued on June 15 by the Office of the New York State Attorney General, the cryptocurrency exchange Coinex has reached a settlement with Letitia James, the chief law enforcement officer. The attorney general stated that Coinex will pay $1.7 million in penalties...

‘Landmark’ Crypto Law Proposed in New York to Establish ‘Strongest and Most Comprehensive’ Crypto Regulations in US

8.5.2023
New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most comprehensive set of regulations on cryptocurrency” in the United States. “Rampant fraud and dysfunction have become the hallmarks of cryptocurrency and it is time...

Is Ether a Security?

17.3.2023
Last Thursday morning, I wondered whether I needed to write a follow-up piece about Silvergate Bank. On Thursday evening, I wondered whether my main topic should instead be about ether potentially being a security. And then, obviously, some things happened