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Lawsuit against Genesis Crypto firm

Genesis, a crypto lender, and its parent company Digital Currency Group were also involved in the programme. That came shortly after the collapse of FTX, the cryptocurrency exchange run by Sam Bankman-Fried, who is now fighting fraud charges of his own. Genesis, which had loaned heavily to his companies, filed for bankruptcy a few months later. US prosecutors have accused three high-profile cryptocurrency firms of defrauding investors of more than $1bn. The legal action is the latest to emerge from the implosions in the crypto industry last year as markets for digital currencies soured. The three companies had worked together on Gemini Earn, which was launched in 2021 and allowed users to lend crypto to Genesis in exchange for interest rates of more than 7%. Is Investing in Crypto worth ?

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