Letitia James, the attorney general for the State of New York, announced that her office had secured a $2 billion settlement with cryptocurrency firm Genesis to compensate defrauded investors.

New York Attorney General Letitia James says her office has secured a $2 billion settlement from Genesis. AG Letitia James sued the crypto company in October on account of lying and defrauding ...

Through this program, investors lent their cryptocurrencies, such as Bitcoin, to Genesis ... This settlement is part of a broader regulatory effort by the New York Attorney General’s office ...

Crypto exchange Gemini has agreed to pay $50 million in settlement with the New York Attorney ... despite knowing that Genesis’ loans “were under-secured.” The AG’s office also discovered ...

Source: New York Attorney General Letitia James In May, James’ office announced a similar settlement with Genesis, requiring the firm to pay $2 billion to defrauded investors over Earn.

On Friday, crypto exchange Gemini was banned by the Office of the Attorney General in New York from crypto lending in a $50 million settlement ... a parent firm of Genesis Global, the firm ...