Gemini’s $1.6B Grayscale lawsuit

Grayscale lawsuit

Gemini, a popular cryptocurrency exchange, has recently taken legal action against Genesis, a digital asset lender. The exchange is seeking to gain control over $1.6 billion worth of shares in the Grayscale Bitcoin Trust. The lawsuit, filed in the U.S. Bankruptcy Court Southern District of New York, aims to recover the shares in order to repay clients who participated in Gemini’s Earn program. This move by Gemini demonstrates their commitment to protecting the interests of their clients and ensuring the integrity of the cryptocurrency market.