Breaking: DCG Files Motion to Dismiss Gemini Lawsuit
The Gemini DCG Legal Showdown According to DCG ’s legal team, the Lawsuit is “a continuation of the Winklevoss’s year-long Twitter-based character assassination.” advertisement The crypto conglomerate argued that the lawsuit has no substantial evidence to prove that DCG was aware of the alleged fraud perpetrated by Genesis. Per the filed motion, “there are no well-pled allegations that Defendants had actual knowledge of any alleged fraud, and Gemini does no more than rely on Defendants’ corporate relationship with Genesis to argue otherwise.” On Friday, July 7th, Gemini co-founder Cameron Winklevoss announced that his company had filed a Lawsuit against DCG and its CEO on the grounds of fraud against its creditors and failure to return their funds. This was after Winklevoss put forward the final offer to DCG earlier that week to return over $1 billion on its customers’ funds. The individual Lawsui...