Bankrupt Genesis agrees to $21 million SEC fine over defunct Gemini Earn crypto lending violations  

Bisma Kaiser

Regulations 3 months ago
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Bankrupt crypto lender Genesis Global has consented to a $21 million civil penalty tied to the now-defunct Gemini Earn lending initiative, according to a March 19 statement from the US SEC. Under the settlement terms, the SEC will not be paid the penalty until Genesis satisfies all bankruptcy claims, including those from Gemini Earn investors.
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