Home Hot CategoriesCrypto News Rephrase the title:NY attorney general expands crypto lawsuit, sees $3 billion fraud

Rephrase the title:NY attorney general expands crypto lawsuit, sees $3 billion fraud

by Joseph Jolie
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Rephrase and rearrange the whole content into a news article of 350 words. Make sure whole content is in narrative style with h2 and h3 headings and there is no plagiarism involved compare with the following article:

NEW YORK (Reuters) -New York Attorney General Letitia James on Friday expanded her lawsuit against Digital Currency Group and other cryptocurrency defendants, tripling the size of their alleged fraud scheme to more than $3 billion.

James in October sued Digital Currency, its Genesis Global Capital unit, and Gemini Capital, the exchange run by twin brothers Cameron and Tyler Winklevoss.

She claimed they caused more than $1 billion of losses by misleading investors about Gemini Earn, a program that let customers lend crypto assets to Genesis in exchange for a promised high rate of return.

James in a statement said additional investors have since come forward to complain, and it became clear the complicated fraud also ensnared other investors who sent money directly to Genesis.

James is seeking more than $3 billion of restitution for the more than 230,000 investors who she believes were defrauded.

(Reporting by Jonathan Stempel in New York; Editing by Mark Porter and David Gregorio)

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