New York regulator recovers $50 million for Gemini Earn scam victims
Odaily2024/06/15 08:30
By:Odaily
Odaily News New York State has recovered $50 million in digital assets from
cryptocurrency exchange Gemini Trust to compensate investors deceived by its Gemini Earn program, while also banning the platform from crypto lending. Earlier, New York Attorney General Letitia James announced a $2 billion settlement with cryptocurrency lender Genesis to compensate for the losses of defrauded investors. The settlement will prohibit Genesis from operating in New York and establish a victim fund, whose beneficiaries include more than 29,000 New York residents who invested in Genesis through the Gemini Earn product. (DL News)
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