🔔 Genesis Settles for $21 Million Penalty, Prioritizing Payment of Bankruptcy Claims !
Genesis Global Capital has agreed to pay a $21 million civil penalty in a settlement over charges related to the unregistered offer and sale of securities through Gemini Earn. The settlement includes a permanent injunction. However, payment to the SEC will only occur after all allowed claims by the bankruptcy court, which includes retail investors from Gemini Earn.
