Reported 7 months ago
New York Attorney General Letitia James recovered $50 million from Gemini Trust to repay investors defrauded in the Gemini Earn program. Gemini, led by Cameron and Tyler Winklevoss, will provide full recoveries to over 230,000 investors, including 29,000 in New York, and agreed to stop operating crypto lending programs in the state. This settlement is in addition to James' $2 billion settlement with Genesis Global Capital. Gemini investors will receive their funds within seven days, with Earn users expected to recover more than their initial investments due to the increased value of digital assets like Bitcoin.
Source: YAHOO