Bankrupt Crypto Lender Genesis Global Settles NY Fraud Lawsuit | Crypto Market Time
Bankrupt Crypto Lender Genesis Global Settles NY Fraud Lawsuit
Genesis Global Holdco LLC has settled a lawsuit brought by New York’s top law enforcement official alleging the bankrupt crypto lender defrauded customers of its now-terminated Gemini Earn program, which was run jointly with Gemini Trust Co. The settlement with New York Attorney General Letitia James is structured so that assets that could have otherwise gone to state authorities will instead be returned to former Earn customers and other Genesis creditors.
