New York Seeks $1.37B From Novatech Founders in Crypto Fraud Case
New York is seeking about $1.37 billion from Novatech founders Cynthia and Eddy Petion after a court entered a default judgment in a crypto fraud case. State filings show investors…
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Brooklyn DA and FBI Crush Massive International Crypto Scam
On Wednesday, Brooklyn prosecutors disclosed that they have dealt a major blow to an international cryptocurrency scam that stole tens of millions of dollars from Russian-speaking Americans, including many residents…
Celsius Founder Alex Mashinsky Gets Lifetime Ban From New York AG
Celsius co-founder and former CEO Alex Mashinsky is permanently barred from crypto and securities businesses under a New York settlement announced Oct. 9. The agreement follows investor losses tied to…
New York, Wyoming Crypto Deal Targets 6-Month Licensing Fast Track
New York and Wyoming are linking their separate crypto regulatory systems through a newly announced agreement. The arrangement connects New York’s virtual currency licensing framework with Wyoming’s digital asset oversight…
100 Coinbase Users Trusted Fake Support and Lost Nearly $16M
A Brooklyn man who posed as a Coinbase representative and stole nearly $16 million from about 100 people has been sentenced to four to 12 years in prison. A judge…
NY AG Sues Polymarket, Calls Prediction Market Illegal Gambling
New York has sued Polymarket, accusing the prediction market of running an illegal gambling operation while advertising sports betting across all 50 states. New York Attorney General Letitia James’ lawsuit…
NY AG Letitia James Throws a Wrench Into Washington’s CLARITY Act
New York Attorney General Letitia James is leading a bipartisan coalition of 18 states to kill a landmark cryptocurrency bill on the eve of the CLARITY Act Senate vote. The…
New York Warns of Fake Crypto and AI as Scam Losses Hit $8 Billion
New York officials are warning that AI-generated content and fake cryptocurrency projects are making investment fraud more convincing. Reported investment scam losses exceeded $8 billion in 2025, rising 38% from…
CFTC Cites Bitcoin Position in Emergency Order Shielding Kalshi
The Commodity Futures Trading Commission (CFTC) ordered Kalshi to keep running its exchange after finding that New York’s attempt to stop the platform presented a market emergency. The commission cited…
$11 Billion in Crypto Losses Adds Pressure on CLARITY Act
New York Attorney General Letitia James urged Congress to strengthen cryptocurrency regulation as the FBI reported more than $11 billion in crypto-related losses. Her Senate testimony argued the pending CLARITY…
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