Fun

New York Attorney General Wants to Hear From Investors Deceived by Crypto Platforms

News Feed - 2022-08-03 09:08:01

New York Attorney General Wants to Hear From Investors Deceived by Crypto Platforms


New York Attorney General Letitia James has urged investors in her state who believe they have been deceived by a crypto platform to contact her office. “Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money,” she stressed. Letitia James Issues Investor Alert on Cryptocurrency


New York Attorney General Letitia James issued an investor alert on cryptocurrency Monday. “Many high-profile cryptocurrency businesses have frozen customer withdrawals, announced mass layoffs, or filed for bankruptcy, while investors have been left in financial ruin,” the alert states.


James urged any New Yorker deceived or affected by cryptocurrency platforms to contact the Office of the Attorney General (OAG). In addition, she encouraged anyone in the cryptocurrency industry “who may have witnessed misconduct or fraud to file a whistleblower complaint with her office,” adding that it can be done anonymously.


“The recent turbulence and significant losses in the cryptocurrency market are concerning,” the attorney general emphasized, elaborating: Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money.


The alert details that in the last few months, investors have lost hundreds of billions of dollars in cryptocurrency markets, citing the terra (LUNA) and terrausd (UST) collapse and withdrawal freezes at several crypto firms, such as Voyager Digital and Celsius Network.


Attorney General James detailed: I urge any New Yorker who believes they were deceived by crypto platforms to contact my office, and I encourage workers in crypto companies who may have witnessed misconduct to file a whistleblower complaint.


“OAG is interested in hearing from New York investors who have been locked out of their accounts, who are unable to access their investments, or who have been deceived about their cryptocurrency investments,” the announcement adds.


In June, James issued a warning about investing in cryptocurrency, stating that the crypto market is “extremely unpredictable” and “unstable.” Tags in this story Letitia James, Letitia James bitcoin, Letitia James crypto, Letitia James crypto alert, Letitia James cryptocurrency, Letitia James investor alert, New York Attorney General, New Yorkers, ny attorney general


What do you think about New York Attorney General Letitia James urging investors deceived by crypto firms to contact her office? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Robinhood Crypto Fined $30 Million by New York Regulator for "Significant Failures" in Multiple Areas REGULATION | 6 hours ago Binance US Delists Crypto Token "out of an Abundance of Caution" After SEC Says It"s a Security REGULATION | 10 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBinance US Delists Crypto Token ‘out of an Abundance of Caution’ After SEC Says It’s a Security Next articleRobinhood Crypto Fined $30 Million by New York Regulator for ‘Significant Failures’ in Multiple Areas Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItOman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework


Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)"s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.Tony Hawk"s Latest NFTs to Come With Signed Physical Skateboards Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade

News Feed

Solana gaming studio Mirror World raises $12M in funding
Zhiyuan Sun11 hours agoSolana gaming studio Mirror World raises $12M in fundingThe firm’s Sonic protocol, launched in March, is the first gaming rollup on Solana that allows developers to create SVM chains for their Ga
Report: Compass to Sell $30 Million in Crypto Mining Equipment Located in Russia
Report: Compass to Sell $30 Million in Crypto Mining Equipment Located in Russia The U.S.-based company Compass Mining plans to sell $30 million worth of bitcoin mining equipment t
Bitcoin price fails $38.5K breakout as US GDP fuels Fed hard-landing woes
William Suberg5 hours agoBitcoin price fails $38.5K breakout as US GDP fuels Fed hard-landing woesBTC price encounters classic resistance as sellers refuse to let Bitcoin crack through its November ceiling.2094 Total vie
Ana Paula Pereira8 hours agoStablecoins could be key to upholding US dollar’s global reserve status: WSJ op-edIn an opinion piece in The Wall Street Journal, Brian Brooks and Charles Calomiris claim that U.S. stablecoi
Rakesh Upadhyay5 hours agoPrice analysis 7/12: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOTBitcoin continues to face strong resistance at $31,000, but supportive macroeconomic factors could tilt the advantage in f
Another Mysterious Person Signs a 2009 BTC Address, Message Shared by Martin Shkreli Mentions Convicted Felon Paul Le Roux
Another Mysterious Person Signs a 2009 BTC Address, Message Shared by Martin Shkreli Mentions Convicted Felon Paul Le Roux Just recently, the crypto community discovered a bitcoint
MicroStrategy stock spikes over 20% as BTC price continues skyward
Derek Andersen5 hours agoMicroStrategy stock spikes over 20% as BTC price continues skywardShort-sellers may be generating some of the gain, but MicroStrategy’s fundamentals are strong.4179 Total views32 Total sharesLi
Crypto Exchange Kraken Set to List Shiba Inu Tomorrow — SHIB Investors Expect Price to Pump
Crypto Exchange Kraken Set to List Shiba Inu Tomorrow — SHIB Investors Expect Price to Pump Cryptocurrency exchange Kraken has indicated that the shiba inu (SHIB) cryptocurrency
Arijit Sarkar27 minutes agoCanadian crypto ownership declined amid tight regulations, falling pricesThe biggest motivation for Canadians interested in Bitcoin is an investment — as showcased by the choice of over one-t
Colombia Takes First Steps Toward Regulating Cryptocurrency Exchanges
Colombia Takes First Steps Toward Regulating Cryptocurrency Exchanges The Congress of Colombia has approved a bill that regulates the behavior of cryptocurrency exchanges in the co
Crypto exchange FTX gets nod to sell $873M of assets to repay creditors
Brayden Lindrea6 hours agoCrypto exchange FTX gets nod to sell $873M of assets to repay creditorsNearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, t
Bitcoin Price Stuck In A Loop? Here’s Why $87,000 Could Be Crucial
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu