Gemini, Genesis, DCG Sued by New York AG for Allegedly Defrauding Investors of $1B

Tweets sent by Genesis and DCG after the default of hedge fund Three Arrows Capital “were false, misleading, and omitted material facts,” James’ complaint stated. “DCG did not simply ‘assume’ the $1.1 billion, open-term liability related to Three Arrows, which could be called at any time; it replaced that liability with an illiquid ten-year Promissory Note.”