Express

Gemini Pays $50 million To Settle Fraud Charges, Banned From Operating Crypto Lending Business in NY

Mary Liu

Summary: Crypto exchange Gemini Trust has agreed to pay $50 million to settle a lawsuit by the New York Attorney General alleging that the company defrauded investors. The New York Attorney General said the settlement allows "all defrauded investors to fully recover the assets they invested in the Earn program but were unable to withdraw when ...

Crypto exchange Gemini Trust has agreed to pay $50 million to settle a lawsuit by the New York Attorney General alleging that the company defrauded investors.

The New York Attorney General said the settlement allows "all defrauded investors to fully recover the assets they invested in the Earn program but were unable to withdraw when the investment program collapsed."

As part of a settlement with the New York Attorney General, Gemini was banned from operating any crypto lending program in New York.

Last Update:

Tags: Gemini,New York Attorney General
Link: Gemini Pays $50 million To Settle Fraud Charges, Banned From Operating Crypto Lending Business in NY [Copy]

Last: According to Bitpush Market Data, ETH is now $3522.09, up 0.84% in 10 minutes, breaks above $3500 mark.

Next: According to Bitpush Market Data, BTC is now $66963.07, down 1.03% in 10 minutes, falls below $67000 mark.

Global Financial Giants Enter Stablecoin Arena in Pivotal Shift 11 hours ago

CRYPTO'S NEW PLAY: 24/7 STOCK TRADING 1 day ago

Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? 9 days ago

GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 25 days ago

U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... October 1, 2025