Golden Finance reported that New York Attorney General Letitia James announced a $2 billion settlement with the bankrupt crypto lending institution Genesis, which will help maximize compensation for investors. Since Genesis previously declared bankruptcy, the settlement agreement requires review and approval by the bankruptcy court. The settlement agreement will set up a victim fund to help defrauded investors, including at least 29,000 New Yorkers who contributed more than $1.1 billion to Genesis through Gemini Earn investments. In addition, the settlement agreement also prohibits Genesis from operating in New York. This is the largest settlement agreement against a cryptocurrency company in the history of New York State.