Digital Currency Group Files for Dismissal of New York Attorney General’s Lawsuit

DCG’s dismissal filing points to misinformation and speculation in the market, which held that following the collapse of 3AC in 2022, DCG took money out of Genesis. The opposite was true, DCG claims: In addition to the promissory note, which DCG says is a fully vetted, fully binding document the firm is committed to, some $1.4 billion of cash and other assets, at today’s prices, were contributed to Genesis after 3AC went down, according to Wednesday’s filing.

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• Source: https://www.coindesk.com/business/2024/03/06/digital-currency-group-files-for-dismissal-of-new-york-attorney-generals-lawsuit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines