Key Highlights: New York authorities are pursuing a massive $1.37 billion judgment against the operators behind the fraudulent cryptocurrency ventures AWS Mining and NovaTech. Out of more than $1 billion deposited by victims into NovaTech between 2019 and 2023, only $26 million was traded—resulting in an $18.2 million loss while fabricated returns were paid out ...
Key Highlights: Former Celsius CEO Alex Mashinsky faces up to $35 million in conditional state obligations under a settlement agreement with the New York Attorney General. The agreement imposes a permanent ban barring Mashinsky from working in the securities, commodities, and cryptocurrency industries or offering compensated investment advice. Settlement clauses allow certain financial terms to ...
Key Highlights New York Attorney General Letitia James secured a settlement worth up to $35 million against former Celsius CEO Alex Mashinsky. Mashinsky faces a lifetime ban from operating in the securities, commodities, and cryptocurrency sectors in New York. The former executive is currently serving a 12-year federal prison sentence following guilty pleas for commodities ...
Key Highlights: New York Governor Kathy Hochul and Attorney General Letitia James are set to hold a joint press conference. Letitia James will take over the investigation into the alleged Cornell gang rape. James will serve as a special prosecutor in the investigation. Kathy Hochul and Letitia James Set to Address Cornell Investigation New York ...
Key Highlights Visa is directing payment processors to stop using merchant category code 5815 (digital media) for memecoin purchases and instead apply cryptocurrency-related classifications. JPMorgan Chase flagged at least one Visa transaction for incorrect coding, and the New York Attorney General’s Office is reviewing the issue. The reclassification does not prohibit card-based memecoin purchases but ...