The bankrupt crypto lender Genesis Global Capital has agreed to a final judgment ordering it to pay $21 million to settle charges with the U.S. Securities and Exchange Commission (SEC) for violating securities laws by offering and selling its now-defunct Gemini Earn program, the SEC announced Tuesday.
Source
Related posts
-
US Charges 2 Men in $22 Million NFT Rugpull Crypto Fraud Scheme
Two Southern California men, Gabriel Hay and Gavin Mayo,... -
A Crypto First: Hybrid Spot Bitcoin-Ethereum ETFs From Hashdex and Franklin Templeton Approved by SEC
The U.S. Securities and Exchange Commission (SEC) has given the green light to two cryptocurrency index... -
Bitcoin’s treble allows US gov to pay back crypto fraud victims
The U.S. Department of Justice is set to reimburse victims of a wire fraud scheme, aided...