DCG Moves to Court to Dismiss Gemini's Lawsuit

DCG moves to court to dismiss Gemini’s lawsuit. The lawsuit was filed against the platform in July 2023

Digital Currency Group [DCG] and its head – Barry Silbert – have finally moved to court to have crypto exchange – Gemini’s lawsuit dismissed. The crypto exchange had taken the matters to court in July 2023.was followed after DCG did not respond to Gemini’s “final offer”. The offer sought for $1.465 billion payment in cash, BTC, and ETH.Notably, at the crux of the lawsuit is the Gemini Earn program, which was offered in association with Genesis – a now-bankrupt crypto lender.

The filing also highlights that the exchange’s lawsuit does not bring in Genesis, which oversaw the Earn program. It highlighted that DCG, Silbert and others accused were not associated with the program, in its inception, promotion, and operations phase.

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