New York Attorney General Secures $50 Million for Gemini Earn Investors
Settlement includes full recovery for over 230,000 defrauded investors and bans Gemini from crypto lending in New York.
- Gemini Trust will repay $50 million to investors deceived by its Earn program.
- More than 230,000 investors, including 29,000 New Yorkers, will receive full recovery in digital assets.
- The settlement follows a previous $2 billion agreement with Genesis Global Capital.
- Gemini is now banned from operating crypto lending programs in New York.
- The funds will be accessible to investors within seven days.