NEW YORK (Reuters) -New York Legal professional Basic Letitia James on Friday expanded her lawsuit in opposition to Digital Forex Group and different cryptocurrency defendants, tripling the dimensions of their alleged fraud scheme to greater than $3 billion.
James in October sued Digital Forex, its Genesis International Capital unit, and Gemini Capital, the change run by twin brothers Cameron and Tyler Winklevoss.
She claimed they brought about greater than $1 billion of losses by deceptive traders about Gemini Earn, a program that allow prospects lend crypto property to Genesis in change for a promised excessive fee of return.
James in a press release stated further traders have since come ahead to complain, and it turned clear the difficult fraud additionally ensnared different traders who despatched cash on to Genesis.
James is in search of greater than $3 billion of restitution for the greater than 230,000 traders who she believes had been defrauded.
(Reporting by Jonathan Stempel in New York; Modifying by Mark Porter and David Gregorio)