The settlement bars Genesis from operating in New York. The settlement also established a fund for victims comprising at least 29,000 New York residents who collectively gave more than $1.1 ...

The $2 billion settlement is the largest against a cryptocurrency company in New York's history. The $2 billion secured from Genesis Trading will be used to compensate defrauded investors.

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.

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 ...

Under terms of the settlement, and the AG's lawsuit ... settlement with the New York attorney general, distributions will not be capped at the petition date value." Genesis' interim CEO Derar ...

“This historic settlement is a major step toward ensuring the victims who invested in Genesis have a semblance of justice,” said New York AG Letitia James. “Once again, we see the real-world ...

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.

ALBANY – State Attorney General Letitia James on Monday announced a $2 billion settlement with cryptocurrency firms that she had accused of defrauding 29,000 New Yorkers, including nearly 8,000 ...

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 charges.

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 investors about ...

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.

The original version of this story was published on New York Law Journal A settlement ... and the AG’s lawsuit will continue against the remaining defendants, as well as Genesis’ former ...