Judge revives fraud claim against Barry Silbert, DCG in Genesis Yield lawsuit
The Block·
60-second summary
A federal judge has revived a fraud claim against Barry Silbert and Digital Currency Group in a Genesis Yield lawsuit, a class action centered on the lending program that allowed customers to deposit crypto in exchange for interest payments, with thousands of investors potentially affected, and the ruling could have significant implications for the crypto lending industry.
The class action centers on Genesis Yield, a lending program that let customers deposit crypto in exchange for interest payments.