A Connecticut judge has let federal securities claims against Digital Currency Group move forward in the Genesis collapse case, saying investors plausibly alleged DCG helped obscure Genesis’s financial trouble. Some state fraud claims were tossed for now, but discovery is now on the table.
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From Bitcoin Jesus to Legal Woes: Roger Ver Seeks Trump’s Aid Roger Ver, once dubbed “Bitcoin Jesus” for his early advocacy of cryptocurrencies, now faces a storm of legal and financial troubles. Seeking assistance, Ver has turned to former President Donald Trump, hoping to navigate a $20.9 million lawsuit from Genesis Global Capital and charges […]
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SEC Fines Digital Currency Group $38 Million for Misleading Investors The U.S. Securities and Exchange Commission (SEC) has imposed a hefty $38 million penalty on Digital Currency Group (DCG) for misleading investors about the financial health of its subsidiary, Genesis Global Capital (GGC), during a critical period in mid-2022. This crackdown highlights the SEC’s increasing […]
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