Bankruptcy Judge OKs Crypto Company’s $2B Settlement With New York AG

(May 22, 2024, 3:04 PM EDT) -- WHITE PLAINS, N.Y. — A federal bankruptcy judge in New York approved a settlement between bankrupt cryptocurrency platforms and the New York Attorney General’s Office (NYAG) that will resolve claims that the platforms defrauded investors out of billions of dollars; the settlement creates a victim’s fund that will receive up to $2 billion of the platforms’ remaining assets....