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Gemini to Pay $50 Million to Settle New York Crypto Fraud Claims

Posted on AllSides June 14th, 2024
From The Left

Crypto exchange Gemini Trust Co. agreed to pay $50 million to resolve claims brought by New York’s Attorney General accusing the company of defrauding investors.

Attorney General Letitia James sued Gemini in October, accusing the platform of lying to more than 230,000 investors about the risks associated with its investment program, Gemini Earn.

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