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Silbert’s Digital Foreign money Group (DCG), which owns Grayscale, was sued in October by New York Legal professional Basic Letitia James for allegedly defrauding greater than 230,000 traders, together with a minimum of 29,000 New Yorkers, of greater than $1 billion. James additionally charged Silbert with defrauding the general public by attempting to hide heavy losses. DCG and Silbert rejected the allegations.
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