As part of genesis' bankruptcy, a court approved a $2 billion settlement by the new york attorney general to establish a victims' fund for new yorkers who invested over. The settlement follows months of uncertainty for customers who had participated in gemini’s earn program, which allowed users to earn passive income by loaning their digital assets to. In a recent development, gemini trust co. Has obtained approval from judge sean lane of the southern district of new york to proceed with the monetization of initial collateral held for the. Bankrupt crypto lender genesis global capital has agreed to a final judgment ordering it to pay $21 million to settle charges with the u. s. As part of genesis' bankruptcy, a court approved a $2 billion settlement by the new york attorney general to establish a victims' fund for new yorkers who invested over $1. 1 billion. Today, the bankruptcy court entered the order approving the global settlement among gemini, genesis, and other creditors in the genesis bankruptcy that was orally approved earlier this. Today, the bankruptcy court entered the order approving the global settlement among gemini, genesis, and other creditors in the genesis bankruptcy that was orally approved earlier this. Gemini has reached a settlement in principle with genesis, detailing a plan to distribute $1. 8 billion to earn users, with the process starting within two months, pending court. We are also pleased to announce that in connection with the final earn distribution, gemini has entered into an agreement with the new york attorney general. The winklevoss brothers’ cryptocurrency exchange gemini trust reached a settlement with bankrupt crypto lender genesis global that would return digital currencies. Today, we emailed an important update regarding the genesis bankruptcy proceedings to earn users with instructions on how to vote on the genesis. The cryptocurrency exchange gemini says it will return $1. 1 billion to earn customers as part of a settlement it reached with the new york department of financial services. Failed crypto lender genesis global capital won bankruptcy court approval on a pact with gemini trust co. That resolves litigation between the companies and opens a path to. The settlement would resolve an sec lawsuit against genesis and gemini filed in january 2023. The commission’s case focused on the two firms’ actions between february.
