Cryptocurrency firm Genesis has agreed to a $2 billion settlement with the New York Attorney General (AG) over allegations of misleading financial practices, particularly involving the Gemini Earn program. The lawsuit claimed Genesis defrauded over 23,000 investors, with the firm now establishing a victim fund to compensate those affected. The settlement does not imply Genesis' admission of guilt but allows legal proceedings to continue against other involved parties. The bankruptcy court has approved the settlement, prohibiting Genesis from operating in New York. This case is part of a broader crackdown by the New York AG on cryptocurrency firms, highlighting the increasing regulatory scrutiny faced by the industry.