According to Foresight News, New York Attorney General Letitia James announced a $2 billion settlement with bankrupt crypto lender Genesis, which will help maximize compensation for investors. Since Genesis previously declared bankruptcy, the settlement requires review and approval by the bankruptcy court. The settlement will set up a victim fund to help defrauded investors, including at least 29,000 New Yorkers who contributed more than $1.1 billion to Genesis through Gemini Earn investments. In addition, the settlement also prohibits Genesis from operating in New York. This is the largest settlement against a cryptocurrency company in New York State history.