Genesis has sued Gemini, seeking to recover more than $689 million

According to a court filing submitted on Tuesday evening, cryptocurrency lending firm Genesis Global Capital has sued its former business partner, cryptocurrency exchange Gemini Trust, to recover over $689.3 million. The accusation alleges that Gemini prioritized the transfer of Genesis' "total amount of not less than approximately $689,302,000" at the expense of other creditors and requests the court to "correct this unfairness."