Genesis reached a settlement agreement with the New York Attorney General

ChainCatcher news, according to Bloomberg, the bankrupt crypto lending platform Genesis has reached a settlement agreement with New York Attorney General Letitia James, who previously accused Genesis of deceiving customers through the now-defunct Gemini Earn program.

It is reported that this settlement will allow assets that could have been seized by New York state authorities to be returned to former Earn customers and other Genesis creditors. The deal must be approved by the bankruptcy judge, and Genesis is operating independently during bankruptcy, seeking approval from Judge Sean Lane for the New York settlement and liquidation plan on February 14.