The settlement also established a fund for victims comprising at least 29,000 New York residents who collectively gave more than $1.1 billion to Genesis through its Gemini Earn product.

In a May 20 notice, the New York AG said a bankruptcy court had approved the $2 billion settlement between authorities and Genesis Global Capital, Genesis Asia Pacific and Genesis Global Holdco.

NY AG Letitia James secured $2B settlement from Genesis Trading for defrauding investors. Largest crypto settlement in NY history, bans Genesis from operating in state.

Genesis, a failed cryptocurrency lender, has won court approval for its bankruptcy liquidation plan to return $2B in cash and crypto to defrauded customers.

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 ...

New York Reaches $2B Settlement with Bankrupt Crypto Lender Genesis The settlement resolved a lawsuit James' office filed in state Supreme Court of Manhattan in October and establishes a victims ...

The New York Department of Financial Services plans to announce later today a settlement with Genesis Global Trading, a subsidiary of the major crypto conglomerate Digital Currency Group. After an ...

WHAT TO KNOW. Attorney General Letitia James says New York State has reached a $2 billion settlement with cryptocurrency firms that she had accused of defrauding 29,000 New Yorkers.; James had ...

Digital Currency Group objected to subsidiary Genesis' proposed settlement with the New York attorney general's office. NYAG sued DCG and Genesis – as well as another company – on fraud ...

Key Takeaways Cryptocurrency companies Gemini, Genesis, and DCG are being sued by New York Attorney General Letitia James for defrauding customers.Crypto exchange Gemini is accused of lying to ...

Genesis Global Trading also was the only DCG entity to hold a BitLicense in New York. DFS is notably the only U.S. regulator at both the state and federal levels to offer a comprehensive crypto ...

The original version of this story was published on New York Law Journal A settlement for bankrupt cryptocurrency brokerage firm Genesis Global Capital to repay its ...