[U.S. Judge Reinstates Fraud Claims Against Barry Silbert and DCG] Odaily Planet Daily reports that a federal judge in the District of Connecticut has reinstated common law fraud claims brought by investors against Digital Currency Group (DCG) founder Barry Silbert, DCG, and other defendants in the Genesis Yield lawsuit. The judge also allowed federal securities law-related claims in the case to proceed. This ruling revises an earlier decision made by the court in February of this year. The plaintiffs had previously argued that the court had jurisdiction to hear their state law claims under the Class Action Fairness Act. Judge Stefan Underhill accepted this argument and reconsidered the state law claims. The case revolves around the failed Genesis Yield lending program, which had allowed users to deposit crypto assets and earn interest. Investors allege that Silbert, DCG, and other defendants misled customers despite being aware of issues with the company’s financial health and risk controls before Genesis suspended withdrawals and filed for bankruptcy in early 2023. However, not all state law claims were reinstated. The court dismissed consumer protection claims from four states and stayed claims from three other states. Overall, the ruling refocuses the case on fraud liability claims against DCG and Silbert. (The Block)