NYAG says Genesis settlement to pay back creditors up to $2B

May 20, 2024 · New York Attorney General Letitia James said Genesis and the attorney general’s office will create a “Victims Fund” for creditors of Genesis. ... NYAG says Genesis settlement …

CouponFollow Extension

$2
OFF

NYAG Says Genesis Settlement To Pay Back Creditors Up To $2B

4 weeks from now

blockworks.co

$2
OFF

New York Attorney General And Genesis Secure $2 Billion …

4 weeks from now

May 20, 2024 · A New York bankruptcy judge has approved a settlement between the New York State Attorney General's office and crypto lender Genesis for $2 billion. This comes months …

theblock.co

$2
OFF

New York AG Secures $2B Settlement From Genesis Global

4 weeks from now

May 20, 2024 · New York Attorney General Letitia James secured a multibillion settlement on Monday with bankrupt crypto firm Genesis Global. The settlement stems from a sweeping …

dailycoin.com

$2
OFF

Crypto Lender Genesis Reaches $2B Settlement - MSN

4 weeks from now

T he New York attorney general, Letitia James, has reached a groundbreaking $2 billion settlement with the bankrupt cryptocurrency lender Genesis Global, according to a May 20 …

msn.com

$2
OFF

New York Attorney General Secures $2 Billion Settlement With …

4 weeks from now

Letitia James, the Attorney General of New York, has achieved a significant legal victory, securing a $2 billion settlement with the cryptocurrency firm Genesis. This agreement aims to …

msn.com

$2
OFF

NY AG Secures $2B Settlement Against Genesis Trading, Largest In …

4 weeks from now

May 20, 2024 · Zinger Key Points. The $2 billion settlement is the largest against a cryptocurrency company in New York's history. The $2 billion secured from Genesis Trading will be used to …

benzinga.com

$2
OFF

New York AG Reaches $2B Settlement With Genesis ‘for

4 weeks from now

May 20, 2024 · 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 …

cointelegraph.com

$2
OFF

Genesis Global Settles With New York AG For ... - The Daily Hodl

4 weeks from now

May 20, 2024 · The New York State Attorney General (AG) has brokered a $2 billion settlement with Genesis Global to help those defrauded by Gemini Earn. Last winter, NY state AG Letitia …

dailyhodl.com

$2
OFF

New York Attorney General Concludes $2b Genesis Settlement

4 weeks from now

May 20, 2024 · The New York Attorney General Letitia James has reached a $2 billion settlement with Digital Currency Group subsidiary Genesis. According to a press release from the …

crypto.news

$2
OFF

Genesis Reaches $2 Billion Settlement With New York AG’s Office

4 weeks from now

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 …

bitcoinist.com

$2
OFF

Crypto Lender Genesis Settles With New York AG To Repay …

4 weeks from now

Failed cryptocurrency lender Genesis won court approval of its bankruptcy liquidation plan to return about $2B in cash and crypto to its defrauded customers, the New York Attorney …

msn.com

58%
OFF

Genesis Settles For $2 Billion With NY Attorney General - CoinGape

4 weeks from now

May 20, 2024 · Genesis settlement with NY Attorney General is $2B over misleading financial practices, creating a fund to compensate affected investors. BTC. $100615 0.58%. ETH. …

coingape.com

$675000
OFF

Attorney General James Secures $675,000 Of Baby Formula For …

4 weeks from now

Dec 16, 2024 · NEW YORK – New York Attorney General Letitia James today announced that her office secured $675,000 worth of baby formula for New Yorkers from formula supplier Marine …

ny.gov

FAQs about NYAG says Genesis settlement to pay back creditors up to $2B Coupon?

What does the Genesis settlement mean for New York victims?

“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. ...

Who is suing Genesis in New York?

Source: New York Attorney General Letitia James The New York Attorney General’s office filed its lawsuit against Genesis in October 2023, later expanding it to include the Digital Currency Group, its CEO Barry Silbert, and former Genesis CEO Soichiro Moro. ...

Why did Genesis get a $2 billion settlement?

This settlement mandates the return of $2 billion to investors and prohibits Genesis from conducting business in New York. The Attorney General accused Genesis of engaging in deceptive practices, specifically targeting the Gemini Earn program, where investors had transferred over $1.1 billion. ...

Why did Genesis bankruptcy judge Sean Lane approve a settlement?

Approved on Friday by U.S. Bankruptcy Judge Sean Lane, for the Southern District of New York, the settlement also bans Genesis from operating in New York. Lane also signed off on the firm’s reorganization plan. James’ office alleged Genesis defrauded more than 29,000 state residents who had contributed more than $1.1 billion. ...

What does the New York attorney general's settlement mean for cryptocurrencies?

The settlement, the largest against a cryptocurrency company in state history, continues Attorney General James’ work to increase oversight and regulation in this industry and protect New York investors, which has secured more than $2.5 billion from predatory cryptocurrency platforms to date. ...

Did Genesis conceal a billion in losses from investors?

In October 2023, Attorney General James filed a lawsuit alleging that Genesis, along with other defendants, concealed more than $1.1 billion in losses from investors that provided digital assets through an investment program called “Gemini Earn.” ...