{"id":872,"date":"2024-05-20T20:11:26","date_gmt":"2024-05-20T20:11:26","guid":{"rendered":"https:\/\/usatrustedlawyers.com\/blog\/ny-reaches-2b-settlement-with-bankrupt-crypto-lender-genesis\/"},"modified":"2024-05-21T16:26:42","modified_gmt":"2024-05-21T16:26:42","slug":"ny-reaches-2b-settlement-with-bankrupt-crypto-lender-genesis","status":"publish","type":"post","link":"https:\/\/usatrustedlawyers.com\/blog\/ny-reaches-2b-settlement-with-bankrupt-crypto-lender-genesis\/","title":{"rendered":"NY Reaches $2B Settlement With Bankrupt Crypto Lender Genesis"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400;\">A settlement for <a href=\"https:\/\/usatrustedlawyers.com\/bankruptcy-lawyers.html\">bankrupt<\/a> cryptocurrency brokerage firm Genesis Global Capital to repay its creditors $2 billion in cash and digital assets is said to be the largest digital assets agreement in New York history, the office of state Attorney General said on Monday.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThis historic settlement is a major step toward ensuring the victims who invested in Genesis have a semblance of justice,\u201d New York Attorney General Letitia James said in a statement. \u201cOnce again, we see the real-world consequences and detrimental losses that can happen because of a lack of oversight and regulation within the cryptocurrency industry. New York investors deserve the peace of mind that comes from a properly regulated marketplace, and that is something my office will always act to achieve.\u201d<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A settlement for bankrupt cryptocurrency brokerage firm Genesis Global Capital to repay its creditors $2 billion in cash and digital assets is said to be the largest digital [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1230,878,1232,1231,1229,399],"class_list":["post-872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers","tag-bankrupt","tag-crypto","tag-genesis","tag-lender","tag-reaches","tag-settlement"],"_links":{"self":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=872"}],"version-history":[{"count":1,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/872\/revisions"}],"predecessor-version":[{"id":879,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/872\/revisions\/879"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media\/873"}],"wp:attachment":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}