A cryptocurrency settlement agreement announced on Monday was worth $2 billion.
New York Attorney General Letitia James said on Monday that she has reached a $2 billion settlement with cryptocurrency companies, a move that will assist investors, including nearly 30,000 New Yorkers, to recoup losses over alleged fraud by the businesses.
'If those creditors are not made whole based on today's digital asset values, the Victims' Fund will receive up to $2 billion from Genesis' remaining assets,' James' office said in the statement. 'The Victims' Fund will then make distributions to compensate Genesis' creditors for the full and fair amounts of their actual losses until the Victims' Fund is depleted.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Letitia James May Seize Trump Assets During Criminal Trial—Legal AnalystWith the former president's hush money criminal trial set to resume this week, Glenn Kirschner said James 'might be up the street seizing Trump's properties.'
Read more »
Trump blasts Letitia James for urging judge to reject his $175M bondTrump spoke ahead of his hush money trial in New York, but his remarks centered on a separate hearing taking place that morning for his civil fraud case.
Read more »
Judge approves Trump’s $175 million bond despite Letitia James challengesA judge accepted Trump's $175 million bond in his civil fraud case after the former president and Attorney General Letitia James reached an agreement.
Read more »
Donald Trump Gets Win Over Letitia JamesJudge Arthur Engoron rules $175 million bond posted by former President Donald Trump can stand in his New York Civil Fraud case.
Read more »
Civil Fraud Case: Donald Trump Wins Against Letitia James on Fight over $175M BondSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Letitia James Gives Pro-Palestinian Protesters a Red LineThe New York attorney general wrote in a statement that her office is 'closely' monitoring the protests at Columbia University.
Read more »