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.

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.

"This historic settlement is a major step toward ensuring the victims who invested in Genesis have a semblance of justice," New York Attorney General Letitia James said in a statement.

New York Attorney General Letitia James on Monday announced a landmark settlement on Thursday, revealing that her office has secured $2 billion from Genesis Trading for defrauding investors.

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 ...

May 20 (UPI) --New York state has secured a $2 billion settlement with a bankrupt cryptocurrency firm, which will help "maximize recoveries for investors," New York Attorney General Letitia James ...

The New York Attorney General’s office announced that it had recovered more than $50 million from Gemini which will be returned to investors in the exchange’s Earn program.

The office of the New York Attorney General announced today that a state court had approved a $2 billion settlement with bankrupt crypto lender Genesis. In October 2023, the NYAG sued Genesis ...

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 ...

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 ...