NY Attorney General Secures $2 Billion Settlement With Bankrupt Crypto Lender Genesis – News Bytes Bitcoin News
Bitcoin News - 2024-05-21T02:14:28.000Z

New York Attorney General Letitia James has secured a $2 billion settlement with bankrupt cryptocurrency firms Genesis Global Capital, Genesis Asia Pacific, and Genesis Global Holdco. The settlement, which requires bankruptcy court approval, will establish a victims’ fund to compensate over 29,000 New Yorkers who invested more than $1.1 billion through the Gemini Earn program. […]

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Court Approves Crypto Lender Genesis' $3 Billion Payout to Customers – News Bytes Bitcoin News
Crypto lender Genesis Global obtained court approval Friday to return approximately $3 billion to its customers as part of its bankruptcy liquidation. U.S. Bankruptcy Judge Sean Lane approved Genesis’ Chapter 11 plan, overruling an objection from its equity owner, Digital Currency Group (DCG), which argued that repayments should be based on January 2023 cryptocurrency values. […]
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New York AG announces $2 billion settlement with crypto lender Genesis
New York Attorney General Letitia James is settling with crypto lender Genesis for $2 billion to make defrauded investors whole again.
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Bankruptcy Court Approves Genesis Settlement With NY Attorney General
Cryptocurrency firm Genesis has been banned from operating in New York and will pay a settlement worth $2 billion, the Office of the New York State Attorney General (NYAG) said in a Monday (May 20) press release. This settlement includes the bankrupt firms Genesis Global Capital, Genesis Asia Pacific and Genesis Global Holdco, according to the release. “This historic settlement is a major step toward ensuring […]
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Court Approves Crypto Lender Genesis' $3 Billion Payout to Customers – News Bytes Bitcoin News

New York AG announces $2 billion settlement with crypto lender Genesis

Bankruptcy Court Approves Genesis Settlement With NY Attorney General