Genesis Reaches $2 Billion Settlement With New York AG's Office
Bitcoinist.com - 2024-05-20T22:00:15.000Z

The New York State Attorney General’s office has secured a $2 billion settlement with Genesis Global Capital, the bankrupt cryptocurrency lending platform. The settlement, approved by a federal bankruptcy judge, will establish a victims’ fund to compensate thousands of New Yorkers and other investors who lost money through Genesis’ platform. Genesis Ordered To Pay Up […]

In related news

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.
- Related Articles
- In News
- From CNBC
- 2024-05-20T15:17:05.000Z
New York reaches $2bn settlement with crypto lender Genesis over fraud claims
Letitia James announces victims fund for ‘defrauded investors’ in largest settlement the state has ever made with a crypto companyNew York’s attorney general has secured a $2bn settlement with the bankrupt cryptocurrency lender Genesis Global over allegations it had defrauded thousands of investors.Genesis, which filed for Chapter 11 bankruptcy in the US in January 2023, received court approval last week to return about $3bn in cash and cryptocurrency to its customers in a liquidation. Continue...
- Related Articles
- In News
- From The Guardian
- 2024-05-20T18:03:13.000Z
Monumental new deal for athletes: Colleges can pay students after NCAA, conferences agree to $2.8 billion settlement
The deal still must be approved by the federal judge overseeing the case and challenges could arise.
- Related Articles
- In News
- From Fortune
- 2024-05-24T01:13:31.000Z

In related news

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

New York reaches $2bn settlement with crypto lender Genesis over fraud claims

Monumental new deal for athletes: Colleges can pay students after NCAA, conferences agree to $2.8 billion settlement