Digital Currency Group Counters Lawsuit: Moves To Dismiss NY Attorney General’s Allegations
Summary
Digital Currency Group (DCG) has filed a motion to dismiss a lawsuit by New York Attorney General Letitia James, alleging fraud of over $1 billion. DCG's attorneys argue the claims are baseless and lack substance, describing them as a "thin web of baseless innuendo." DCG denies involvement in many charges, including misrepresentation by Gemini. The lawsuit is ongoing, while Genesis, DCG's subsidiary, settled with the office in February. DCG and Genesis are currently disputing the subsidiary's bankruptcy plans.
