Crypto exchange Gemini Trust has agreed to pay $50 million to resolve claims brought by New York's Attorney General, Letitia James. The settlement addresses accusations of defrauding hundreds of thousands of investors through the company's Gemini Earn program. The recovered funds will be returned to investors affected by the program's collapse, which is part of a multi-firm bankruptcy proceeding. As part of the settlement, Gemini is prohibited from operating any crypto lending programs in New York. The final distributions, representing the remaining 3% of the digital assets owed to investors as of November 16, 2022, will be available in their Gemini accounts within seven days.
Crypto exchange Gemini Trust agreed to pay $50 million to resolve claims brought by New York’s Attorney General accusing the company of defrauding investors. https://t.co/aRmjE3Ta0n
The NY Attorney General's office recovered over $50 million from Gemini for the Earn program investors. https://t.co/XYaGK5Assp
Gemini to pay $50 million to defrauded investors of the Gemini Earn program https://t.co/zraCf4UYaU
We recovered $50 million from cryptocurrency platform @Gemini for defrauding hundreds of thousands of investors. Gemini is banned from operating in New York, and everyone that Gemini deceived will get their money back. https://t.co/tfQf1wwKu6
Gemini will return ~$50M of digital assets to investors who were locked out of their accounts when Gemini Earn collapsed, to settle a lawsuit by New York's AG (Bloomberg) https://t.co/oUJaeZoHVQ 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/cTpQlQBTxJ
Crypto exchange Gemini to pay $50 million in settlement with NY attorney general's office https://t.co/TAkXiGCItF
GEMINI GETS THE BAN-HAMMER FROM THE STATE OF NEW YORK - Gemini has reached a $50 million settlement with the New York Attorney General's office, compensating defrauded investors from its Earn program. - As part of the settlement, Gemini is prohibited from operating any crypto… https://t.co/rWupinrJ6H https://t.co/ARmxj9Ef1D
New York state just recovered $50 million in a settlement agreement with crypto exchange Gemini. The money will be returned to Gemini Earn customers involved in a multi-firm bankruptcy proceeding. https://t.co/mokDWA0gtN
BREAKING: @GEMINI PROHIBITED FROM OPERATING CRYPTO LENDING PROGRAMS IN NEW YORK AS PART OF NYAG SETTLEMENT
BREAKING: Gemini prohibited from operating crypto lending programs in New York as part of NYAG settlement
New York recovers $50 mln for defrauded Gemini Earn crypto investors https://t.co/kuEHNcRtyP https://t.co/D6AuBsodKD
Earn Update: Today, we are pleased to announce that final Earn distributions — representing the remaining 3% of the digital assets owed to you as of the suspension date (November 16, 2022) — will be available in your Gemini account within 7 days. With this final distribution,…
🔵 NEW YORK RECOVERS $50 MILLION FOR DEFRAUDED GEMINI EARN CRYPTO INVESTORS New York Attorney General Letitia James said on Friday her office has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini Earn program. Full…
New York Attorney General Letitia James said her office has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini Earn program https://t.co/4vD04brDHE https://t.co/pSanl3yDYk
Crypto exchange Gemini Trust agreed to pay $50 million to resolve claims brought by New York’s Attorney General accusing the company of defrauding investors. https://t.co/0S23mEuuLh
[BLOOMBERG] #Gemini to pay $50 million to settle New York crypto fraud claim
*GEMINI TO PAY $50 MILLION TO SETTLE NEW YORK CRYPTO FRAUD CLAIM: BBG