2024-097182: 3/29/24: Dear Madam or Sir: xNY.io - Bank.org seeks access to any and all records concerning the New York State Department of Financial Services (DFS) investigation of Genesis Global Trading, Inc. (“Genesis Global Trading”) leading to seizure of the firm's BitLicense. Additionally, xNY.io - Bank.org seeks access to records that explain DFS' calculated $8 million penalty to New York State for compliance failures that violated DFS’s virtual currency and cybersecurity regulations and left the company vulnerable to illicit activity and cybersecurity threats. xNY.io - Bank.org notes DFS has recently published other BitLicense penalties of $100M and $30M. As such, we aim to review accessible records in congruence with Genesis' $8M penalty. xNY.io - Bank.org seeks records that indicate any human rights violations part of the compliance failures that violated DFS’s virtual currency and cybersecurity regulations and left the company vulnerable to illicit activity and cybersecurity threats. Finally, xNY.io - Bank.org seeks any and all STX records associated with the Genesis investigation. The very best, Gunnar Larson

---------- Forwarded message ---------
From: <Joanne.Verdejo@dfs.ny.gov>
Date: Fri, May 31, 2024, 10:41 AM
Subject: Your Freedom of Information Law (FOIL) Request FOIL-2024-097182-022313
To: <G@xny.io>

Good morning,

Attached please find correspondence from the NYS Department of Financial Services, pertaining to your FOIL request.

Thank you.

Tracking Number:FOIL-2024-097182-022313

SENT VIA EMAIL

G@xny.io

May 31, 2024

Gunnar Larson

406 W. 25th Street

New York, NY 10001

Re: FOIL Tracking No. 2024-097182

Dear Gunnar Larson:

I write with respect to your above-referenced FOIL request, assigned the tracking number 2024-

097182. The New York State Department of Financial Services (DFS) requires additional time to

complete its response to your request.

DFS anticipates completing your request on or about July 5, 2024. We appreciate your

continued patience.

Thank you.