Top crypto firms named in $1bn fraud lawsuit

US prosecutors have accused three high-profile cryptocurrency firms of defrauding investors of more than $1bn. New York Attorney General Letitia James said Gemini, a crypto exchange, had lied to customers about the risks of an investment account it offered, which paid high interest rates on crypto.

Genesis, a crypto lender, and its parent company Digital Currency Group were also involved in the programme.

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Source: BBC News