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Genesis Lawsuit Alleges DCG ’Alter Ego’ Scheme, Ignored Warnings
Genesis Lawsuit Alleges DCG ’Alter Ego’ Scheme, Ignored Warnings
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BTCCSquare news:
A newly unsealed complaint reveals that executives at Digital Currency Group (DCG) anticipated legal repercussions but disregarded risk warnings as its subsidiary Genesis spiraled toward collapse. The lawsuit alleges a coordinated 'alter ego' scheme, suggesting DCG may have operated without proper corporate separation.
The case underscores mounting scrutiny of crypto conglomerates as regulatory pressures intensify. Market observers note such legal challenges could Ripple through the industry, particularly for firms with opaque intercompany dealings.
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