Gemini and NYAG will settle the matter for $50M

Gemini has announced to return the entire investment to its investors, but NYAG (New York Attorney General) Letitia James has accused Gemini Exchange of misleading investors about the risks associated with the Earn program.

Gemini wants to avoid legal trouble by NYAG, now the news is that Gemini has agreed to settle the matter by paying $50 million to NYAG.

Whether people get their investment back or not, NYAG is certainly getting the value of demonstrating legal power.