Attorney General Letitia James had sued the company, its parent Digital Currency Group (DCG) and cryptocurrency firm Gemini Trust Co in October for allegedly "defrauding" investors of more than $1 billion. James had alleged Genesis defrauded investors through an investment program called Gemini Earn, which it ran with its former partner Gemini. Last week, Genesis also settled a U.S. Securities Exchange Commission lawsuit over the Earn program, agreeing to a $21 million fine that will be paid only if it is able to fully repay customers in its bankruptcy.
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