Gemini, a prominent cryptocurrency exchange, has agreed to reimburse at least $1.1 billion to customers of its defunct lending program. The company will also pay a $37 million fine as part of a settlement with the New York Department of Financial Services (NYDFS). What Happened: The settlement, announced on Wednesday, is a result of the NYDFS’s investigation into Gemini’s Earn program, which was operated in partnership with crypto lender Genesis Global Capital. The program was terminated during a crypto market crash in November 2022, leading to Genesis filing for bankruptcy, Reuters reported. …