{"id":4508,"date":"2024-02-14T12:54:00","date_gmt":"2024-02-14T12:54:00","guid":{"rendered":"https:\/\/blockwind.news\/china\/2024\/08\/09\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/"},"modified":"2025-12-29T18:45:38","modified_gmt":"2025-12-29T18:45:38","slug":"the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion","status":"publish","type":"post","link":"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/","title":{"rendered":"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion"},"content":{"rendered":"\n

By Anjali Kochhar<\/p>\n\n\n\n

According to a recent court document, New York Attorney General Letitia James has strengthened her civil fraud action against Digital Currency Group (DCG), alleging that the company is accountable for $3 billion in investor losses connected to the Gemini Earn product and to direct investments with Genesis.<\/p>\n\n\n\n

As mentioned in a $1 billion fraud lawsuit filed in October against DCG, its now-defunct lending platform Genesis, and Gemini Trust Co., the companies are accused of deceiving investors and giving them false hope that their money will be safe, despite the fact that their management knew that disaster was drawing near. The fraud case initially concentrated on the Gemini Earn investment program that Genesis and Gemini jointly operated; but, following the lawsuit, according to James’ office<\/a>, other investors complained about Genesis more directly of cheating them.<\/p>\n\n\n\n

According to the attorney general, up to 230,000 people\u00a0have lost up to $3 billion, which is what prompted the lawsuit to be expanded in the New York Supreme Court on Friday.<\/p>\n\n\n\n

James emphasized the widespread nature of the fraud and deception, noting that numerous individuals have stepped forward to recount similar instances of harm. She highlighted the need for more stringent cryptocurrency regulations to safeguard all investors, citing the illegal cryptocurrency scheme and the significant financial losses incurred by innocent people as compelling reasons.<\/p>\n\n\n\n

In response, the company said on Friday that the AG was only trying to make news<\/p>\n\n\n\n

This is nothing new,” a DCG representative claimed in an email, charging the AG with filing a “baseless complaint” in an attempt to garner additional media coverage. “We’re going to take a strong stance against the claims and prevail.” There will be complete justice for DCG and Barry Silbert, as they have consistently operated their business rightfully and honorably.<\/p>\n\n\n\n

About the author<\/strong><\/p>\n\n\n\n

Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Anjali Kochhar According to a recent court document, New York Attorney General Letitia James has strengthened her civil fraud action against Digital Currency Group (DCG), alleging that the company is accountable for $3 billion in investor losses connected to the Gemini Earn product and to direct investments with Genesis. As mentioned in a $1 […]<\/p>\n","protected":false},"author":4,"featured_media":4509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":{"0":"post-4508","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all"},"yoast_head":"\nThe Digital Currency Group Fraud case in New York has been Expanded to $3 billion - Blockwind News<\/title>\n<meta name=\"description\" content=\"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion . Read the latest crypto news and analysis on Blockwind News\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion - Blockwind News\" \/>\n<meta property=\"og:description\" content=\"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion . Read the latest crypto news and analysis on Blockwind News\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"Blockwind News\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-14T12:54:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-29T18:45:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2024\/08\/digitalcurrency-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"678\" \/>\n\t<meta property=\"og:image:height\" content=\"452\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anjali Kochhar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@blockwindnews\" \/>\n<meta name=\"twitter:site\" content=\"@blockwindnews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anjali Kochhar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/\"},\"author\":{\"name\":\"Anjali Kochhar\",\"@id\":\"https:\/\/blockwind.news\/china\/#\/schema\/person\/5591dfec9d0c72bc6ce2e1e8df0ca44d\"},\"headline\":\"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion\",\"datePublished\":\"2024-02-14T12:54:00+00:00\",\"dateModified\":\"2025-12-29T18:45:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/\"},\"wordCount\":368,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/blockwind.news\/china\/#organization\"},\"image\":{\"@id\":\"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2024\/08\/digitalcurrency-1.jpg\",\"articleSection\":[\"All\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/\",\"url\":\"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/\",\"name\":\"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion - Blockwind News\",\"isPartOf\":{\"@id\":\"https:\/\/blockwind.news\/china\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2024\/08\/digitalcurrency-1.jpg\",\"datePublished\":\"2024-02-14T12:54:00+00:00\",\"dateModified\":\"2025-12-29T18:45:38+00:00\",\"description\":\"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion . Read the latest crypto news and analysis on Blockwind News\",\"breadcrumb\":{\"@id\":\"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#primaryimage\",\"url\":\"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2024\/08\/digitalcurrency-1.jpg\",\"contentUrl\":\"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2024\/08\/digitalcurrency-1.jpg\",\"width\":678,\"height\":452},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/blockwind.news\/china\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blockwind.news\/china\/#website\",\"url\":\"https:\/\/blockwind.news\/china\/\",\"name\":\"Blockwind News\",\"description\":\"Latest News on Bitcoin, Ethereum, Crypto and Blockchain\",\"publisher\":{\"@id\":\"https:\/\/blockwind.news\/china\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blockwind.news\/china\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/blockwind.news\/china\/#organization\",\"name\":\"Blockwind News\",\"url\":\"https:\/\/blockwind.news\/china\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/blockwind.news\/china\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2025\/10\/Blockwind_News.png\",\"contentUrl\":\"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2025\/10\/Blockwind_News.png\",\"width\":920,\"height\":186,\"caption\":\"Blockwind News\"},\"image\":{\"@id\":\"https:\/\/blockwind.news\/china\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/blockwindnews\",\"https:\/\/www.linkedin.com\/company\/blockwindnews\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/blockwind.news\/china\/#\/schema\/person\/5591dfec9d0c72bc6ce2e1e8df0ca44d\",\"name\":\"Anjali Kochhar\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/blockwind.news\/china\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fc54e7b4930b1ee6674affb4e53672ea6d08da2aabc2167a9eabdacf79e9e9ea?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fc54e7b4930b1ee6674affb4e53672ea6d08da2aabc2167a9eabdacf79e9e9ea?s=96&d=mm&r=g\",\"caption\":\"Anjali Kochhar\"},\"url\":\"https:\/\/blockwind.news\/china\/author\/anjali-kochhar\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion - Blockwind News","description":"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion . Read the latest crypto news and analysis on Blockwind News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/","og_locale":"en_US","og_type":"article","og_title":"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion - Blockwind News","og_description":"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion . Read the latest crypto news and analysis on Blockwind News","og_url":"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/","og_site_name":"Blockwind News","article_published_time":"2024-02-14T12:54:00+00:00","article_modified_time":"2025-12-29T18:45:38+00:00","og_image":[{"width":678,"height":452,"url":"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2024\/08\/digitalcurrency-1.jpg","type":"image\/jpeg"}],"author":"Anjali Kochhar","twitter_card":"summary_large_image","twitter_creator":"@blockwindnews","twitter_site":"@blockwindnews","twitter_misc":{"Written by":"Anjali Kochhar","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#article","isPartOf":{"@id":"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/"},"author":{"name":"Anjali Kochhar","@id":"https:\/\/blockwind.news\/china\/#\/schema\/person\/5591dfec9d0c72bc6ce2e1e8df0ca44d"},"headline":"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion","datePublished":"2024-02-14T12:54:00+00:00","dateModified":"2025-12-29T18:45:38+00:00","mainEntityOfPage":{"@id":"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/"},"wordCount":368,"commentCount":0,"publisher":{"@id":"https:\/\/blockwind.news\/china\/#organization"},"image":{"@id":"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#primaryimage"},"thumbnailUrl":"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2024\/08\/digitalcurrency-1.jpg","articleSection":["All"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/","url":"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/","name":"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion - Blockwind News","isPartOf":{"@id":"https:\/\/blockwind.news\/china\/#website"},"primaryImageOfPage":{"@id":"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#primaryimage"},"image":{"@id":"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#primaryimage"},"thumbnailUrl":"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2024\/08\/digitalcurrency-1.jpg","datePublished":"2024-02-14T12:54:00+00:00","dateModified":"2025-12-29T18:45:38+00:00","description":"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion . Read the latest crypto news and analysis on Blockwind News","breadcrumb":{"@id":"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#primaryimage","url":"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2024\/08\/digitalcurrency-1.jpg","contentUrl":"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2024\/08\/digitalcurrency-1.jpg","width":678,"height":452},{"@type":"BreadcrumbList","@id":"https:\/\/blockwind.news\/china\/2024\/02\/14\/the-digital-currency-group-fraud-case-in-new-york-has-been-expanded-to-3-billion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blockwind.news\/china\/"},{"@type":"ListItem","position":2,"name":"The Digital Currency Group Fraud case in New York has been Expanded to $3 billion"}]},{"@type":"WebSite","@id":"https:\/\/blockwind.news\/china\/#website","url":"https:\/\/blockwind.news\/china\/","name":"Blockwind News","description":"Latest News on Bitcoin, Ethereum, Crypto and Blockchain","publisher":{"@id":"https:\/\/blockwind.news\/china\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blockwind.news\/china\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/blockwind.news\/china\/#organization","name":"Blockwind News","url":"https:\/\/blockwind.news\/china\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blockwind.news\/china\/#\/schema\/logo\/image\/","url":"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2025\/10\/Blockwind_News.png","contentUrl":"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2025\/10\/Blockwind_News.png","width":920,"height":186,"caption":"Blockwind News"},"image":{"@id":"https:\/\/blockwind.news\/china\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/blockwindnews","https:\/\/www.linkedin.com\/company\/blockwindnews\/"]},{"@type":"Person","@id":"https:\/\/blockwind.news\/china\/#\/schema\/person\/5591dfec9d0c72bc6ce2e1e8df0ca44d","name":"Anjali Kochhar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blockwind.news\/china\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/fc54e7b4930b1ee6674affb4e53672ea6d08da2aabc2167a9eabdacf79e9e9ea?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fc54e7b4930b1ee6674affb4e53672ea6d08da2aabc2167a9eabdacf79e9e9ea?s=96&d=mm&r=g","caption":"Anjali Kochhar"},"url":"https:\/\/blockwind.news\/china\/author\/anjali-kochhar\/"}]}},"_links":{"self":[{"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/posts\/4508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/comments?post=4508"}],"version-history":[{"count":1,"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/posts\/4508\/revisions"}],"predecessor-version":[{"id":5982,"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/posts\/4508\/revisions\/5982"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/media\/4509"}],"wp:attachment":[{"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/media?parent=4508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/categories?post=4508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/tags?post=4508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}