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Gemini crypto exchange to return $2 18B to defrauded investors after New York settlement

Gemini crypto exchange said Wednesday that following a settlement with the New York Attorney General's office, $2.18 billion will be returned to defrauded users of the company's Earn program.

New yorkUnited statesSam bankmanLetitia jamesNew york attorney generalGenesis bankruptcyGeneral letitia jamesGenesis globalGemini earnSam bankman fried

Singapore and global users of Gemini s lending scheme will get back crypto valued at $2 9b

Customers stand to gain from any and all appreciation of their digital assets since they lent them. Read more at straitstimes.com.

United statesHong kongBarry silbertSam bankmanDigital currency groupSam bankman friedStraits timesGenesis global

Gemini To Return $2 18B To Earn Program Users

Gemini returns $2.18B to users of their now-defunct Earn program, with a 232% recovery since withdrawals were frozen in Nov 2022.

New yorkUnited statesLetitia jamesTyler winklevossGenesis bankruptcyRipple donates additionalGenesis globalGenesis global capitalNew york attorney general letitia jamesDigital assetsPaypal launches

Binance affiliate Gopax sold Genesis creditor claims at steep discount: Report

Binance acquired a majority stake in the South Korean crypto exchange in February 2023.

United statesSouth koreaSouth koreanKorea financial service committeeExchange commissionDigital currency groupKorea economic dailyGenesis globalKorean timesThree arrows capitalKorean economic dailyUnited states securitiesFinancial serviceSean lane

This Week in Web3: ETFs, Scams, More Pushes for Acceptance

From courtroom showdowns to Web3 incubators and ethereum ETFs, these are the top stories around the Web3 landscape.

City ofUnited kingdomNew yorkUnited statesSatoshi nakamotoGary genslerSheraz shereCraig wrightSolana foundationExchange commissionDolce gabbanaLondon high courtDepartment of justiceFinancial innovationCentury actWiley nickel

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