Genesis has faced a slew of legal troubles since last year. In January, the Securities Exchange Commission (SEC) charged Genesis with selling billions of dollars worth of unregistered securities to hundreds of thousands of investors. The firm declared bankruptcy that month and remains in court proceedings to recover millions of dollars of lost investor funds as of the time of writing.

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• Source: https://www.coindesk.com/policy/2024/01/12/genesis-global-trading-pays-8m-to-settle-new-york-lawsuit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines