Digital Currency Group files motion to dismiss Gemini lawsuit, claiming it’s a PR campaign By Cointelegraph

Venture capital firm Digital Currency Group (DCG) has filed a motion to dismiss a lawsuit brought by cryptocurrency exchange Gemini that alleged fraud related to its Earn program.

In an Aug. 10 filing with the United States District Court for the Southern District of New York, lawyers for DCG and its CEO, Barry Silbert, alleged Gemini’s lawsuit filed in July was a “continuation of [a] public relations campaign” targeting the firm on social media with “personal, vicious, and false” claims. The filing echoed Gemini’s complaint, in which the crypto exchange said it sought to recover funds incurred as a result of “DCG’s and Silbert’s false, misleading, and incomplete representations and omissions to Gemini” and their role “in encouraging and facilitating Genesis’s fraud against Gemini.”