PANews reported on June 15 that according to The Block, the crypto exchange Gemini Trust reached a settlement with the New York Attorney General's Office on a fraud lawsuit and agreed to pay $50 million worth of digital assets to Gemini Earn investors. As part of the settlement, Gemini was also banned from operating cryptocurrency lending projects in the state. Gemini said in a statement on Friday that the "final Earn allocation" will reach customer accounts within seven days. According to previous news, New York Attorney General Letitia James sued Gemini in October last year, accusing the platform of misleading investors on the Gemini Earn project, resulting in losses of more than $1 billion.