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New York Attorney General (NYAG) Letitia James today filed a lawsuit against cryptocurrency companies Gemini Trust Co. (Gemini), trading firm Genesis Global Capital and conglomerate Digital Currency Group (DCG) for allegedly defrauding more than 230,000 investors, including at least 29,000 New Yorkers, of more than $1 billion. Source
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New York Attorney General (NYAG) Letitia James, claimed in court that ethereum (ETH) is security and exchanges should register it before offering it for trading. The AG filed a lawsuit against the crypto exchange KuCoin for allowing investors to buy and sell ETH without registering with the state. ETH is a security,
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The office of the NYAG recently filed a lawsuit against crypto exchange KuCoin for “disregarding our laws and putting investors at risk.” New York Attorney General (NYAG) Letitia James has sued KuCoin (KCS) as part of a broader crackdown against digital currencies. On Wednesday, the NYAG’s office filed a lawsuit against
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Chiefly, CoinDesk argued in court papers that disclosing what, specifically, is backing the USDT stablecoin issued by Tether is in the public interest, and therefore should not qualify as a trade secret. Tether itself claimed it had proactively made the decision to publicize its reserve breakdown when announcing its settlement
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Crypto lending firm Celsius Network has confirmed it is one of three platforms requested to provide information to the New York Attorney General’s office.In a Tuesday blog post, Celsius said it was not one of the two unnamed crypto lending platforms that New York Attorney General Letitia James ordered to “cease
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This episode is sponsored by NYDIG.Download this episodeOn today’s episode, NLW catches up on a variety of topics from the past week, including:How the first day of trading the ProShares $BITO bitcoin futures ETF is going (and why it could be headed for record breaking volume).Grayscale formally starting the process to
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Cryptocurrency lending firm Nexo Financial denies the allegations of offering unregistered services to New Yorkers put forth by Attorney General Letitia James.Attorney General James directed two unnamed crypto lending companies to cease operations On Oct. 18, citing failure to register the business in New York and performing unlawful activities. Crypto
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The New York Attorney General (NYAG) has won a victory against crypto exchange Coinseed for its dodgy dealings with Dogecoin and defrauding its customers. On Sept. 13 NYAG Letitia James ordered Coinseed Inc. to permanently halt operations and pay $3 million in fines after it had been accused of freezing withdrawals
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A long-standing legal drama finally found resolution on Feb. 23, with the New York Attorney General’s office announcing that it had come to a settlement with cryptocurrency exchange Bitfinex after a 22-month inquiry into whether the company had been trying to cover up its losses — touted to be worth
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Crypto exchange Bitfinex claimed Friday it repaid the remaining balance of a $550 million loan to its sister firm, Tether, the issuer of the tether (USDT) stablecoin.In 2018 the exchange borrowed more than $600 million from Tether, with which it shares executives and ownership. The transaction was made public in
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