Breaking News: A Major Cryptocurrency Case Resolved!
According to a breaking development, cryptocurrency exchange Gemini has agreed to pay $50 million to settle a New York fraud case.
New York Attorney General Letitia James announced today that the state is recovering $50 million as part of a settlement agreement with cryptocurrency exchange Gemini. Recovered funds will be returned to Gemini Earn customers involved in a multi-firm bankruptcy process.
Gemini has agreed to cooperate in a massive $3 billion fraud lawsuit against former partners Digital Currency Group (DCG), DCG founder and chairman Barry Silbert, and former chairman of the now-defunct Genesis, Soichiro âMichaelâ Moro.
