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Genesis Slams DCG With Billion-Dollar Fraud Lawsuit—Crypto’s ’Trustless’ System Shows Its Teeth

Genesis Slams DCG With Billion-Dollar Fraud Lawsuit—Crypto’s ’Trustless’ System Shows Its Teeth

Author:
Coindesk
Published:
2025-05-20 16:43:46
17
3

Genesis Files Suits Against DCG to Recover Billions Worth of Allegedly Fraudulent Transfers

Genesis isn’t mincing words—it’s hauling Digital Currency Group (DCG) to court over alleged fraudulent transfers worth billions. The move exposes the crypto industry’s favorite paradox: decentralized systems still need old-school lawsuits when things go sideways.

Legal reckoning or PR stunt? Either way, DCG’s legal team just got a whole lot busier. Meanwhile, Wall Street bankers are probably chuckling into their martinis—nothing like a good old-fashioned fraud case to make traditional finance feel superior.

|Square

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