New York Attorney General Letitia James has secured a $2 billion settlement with bankrupt cryptocurrency lender Genesis Global Capital, a subsidiary of Digital Currency Group. The settlement, approved by a bankruptcy judge, addresses allegations that Genesis misled investors about its Gemini Earn program, resulting in over $1 billion in losses. As part of the agreement, Genesis is banned from operating in New York and will repay the defrauded investors. This decision comes after extensive negotiations and aims to provide restitution to hundreds of thousands of investors across the U.S.
Bankrupt cryptocurrency lender Genesis will repay $2 billion to hundreds of thousands of investors across the U.S. who were defrauded by the company, New York prosecutors said Monday. https://t.co/tk4hBL9xoS
New York reaches $2bn settlement with crypto lender Genesis over fraud allegations https://t.co/3XiMaT8O3H
New York reaches $2bn settlement with crypto lender Genesis over fraud allegations https://t.co/EibIVelY54
Genesis to pay $2 billion to victims of alleged cryptocurrency fraud. https://t.co/l41biorTto
The New York Attorney General Letitia James has reached a $2 billion settlement with Digital Currency Group subsidiary Genesis https://t.co/Qq8hdnwwOG
Genesis Global Holdco has agreed to a $2 billion agreement with the New York State Attorney General’s office. This decision comes after long negotiations that emerged from accusations of misguiding financial transactions related to Genesis’s operations.
A bankruptcy judge also approved Genesis’s settlement agreement with the New York’s attorney general https://t.co/au57y9TD9A
New York Attorney General and Genesis secure $2 billion settlement following judge's sign off https://t.co/J3LDkkWbFU
🚨BREAKING: BANKRUPT CRYPTO LENDER GENESIS REACHES $2 BILLION SETTLEMENT WITH NEW YORK ATTORNEY GENERAL
Bankrupt Crypto Lender Genesis Agrees to $2 Billion Settlement to Repay Users ► https://t.co/k8AshdrVPq https://t.co/k8AshdrVPq
Genesis settles with NYAG for $2 Billion. Proceed up.
NY AG announces a $2B settlement with crypto lender Genesis, after claiming Genesis misled investors about its Gemini Earn program, leading to $1B+ in losses (@kenziesigalos / CNBC) https://t.co/VrwbWQcB8S 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/64r9BCKd50
🚨 JUST IN: NY Attorney General Letitia James secures a historic $2B settlement with crypto lender #Genesis to repay defrauded investors.
New York AG announces $2 billion settlement with crypto lender Genesis
*NY Atty General James Secures Settlement Worth $2 Billion From Crypto Firm Genesis Global Capital for Defrauded Victims *NY AG: Genesis Global Capital Banned From Operating in New York