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Genesis Sues Gemini to Recover ‘Preferential Transfers’ Worth $689M

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8V Crypto Academy » Genesis Sues Gemini to Recover ‘Preferential Transfers’ Worth $689M

Genesis Sues Gemini to Recover ‘Preferential Transfers’ Worth $689M

November 22, 2023
in Breaking
Reading Time: 1 min read
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Crypto lender Genesis Global Capital has sued cryptocurrency exchange Gemini Trust, its former business partner, to recover more than $689 million.

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A 160x amplification of the largest previous oracle attack—not because of technical sophistication, but because the underlying system scaled up...

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