New York Attorney General Letitia James secured a $2 billion settlement with Genesis Global Capital.

Genesis Global Capital is a bankrupt cryptocurrency lending platform accused of defrauding investors.

The settlement, approved by a federal bankruptcy judge, includes up to $3 billion to compensate creditors.

Compensation includes 100% repayment in U.S. dollars and a victim fund to help recover losses.

Genesis will not admit any wrongdoing despite the settlement.

The collapse of Genesis was linked to FTX and Alameda Research.

The Attorney General's office has secured over $2.5 billion in settlements from predatory platforms.

This settlement marks a significant step towards justice for those affected by Genesis' actions in the cryptocurrency industry.