BTCC
/
BTCC Square
/
CoindeskEN
/
Genesis Slaps DCG With Billion-Dollar Fraud Lawsuit—Crypto’s ’Trustless’ System Strikes Again
Genesis Slaps DCG With Billion-Dollar Fraud Lawsuit—Crypto’s ’Trustless’ System Strikes Again
10
3
Genesis just lobbed a legal grenade into Digital Currency Group’s lap—filing suits to claw back billions in alleged fraudulent transfers. Because nothing says ’decentralized finance’ like old-fashioned courtroom battles.
Subheader: Paper Trails Meet Blockchain Trails
The lawsuit reads like a crypto parody: a web of intercompany loans, questionable collateral, and the kind of creative accounting that would make a Wall Street quant blush. DCG now faces the ultimate proof-of-work—proving they didn’t play shell games with creditors’ funds.
Closing Thought: Maybe Satoshi should’ve coded a ’no fraud’ hard fork.
By:
Previous
Validation Cloud Launches Mavrik-1 AI Engine on Hedera—DeFi Data Analysis Just Got Smarter
Next
SocGen’s Crypto Unit Plans Ethereum-Based Dollar Stablecoin—Because Banks Love Playing Catch-Up
