New York AG announces $2 billion settlement with crypto lender Genesis
Publishing timestamp: 2024-05-20 12:03:59
Summary
New York Attorney General Letitia James settles with crypto lender Genesis for $2 billion to repay defrauded investors. Genesis filed for Chapter 11 bankruptcy protection in January after being sued for misleading investors. The settlement bars Genesis from operating in New York and establishes a fund for victims. Securities and Exchange Commission also filed suit against Genesis and Gemini for unregistered offering and sale of securities.
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Keywords: business news, letitia james, bitcoin, cryptocurrency, fintech, new york, energy, breaking news: technology, genesis energy lp, technology,