Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,403,738,990,227.88
  • 24h Vol: $55,630,174,149.64
  • BTC Dominance: 56.54%

NYAG

new-york-cracks-down-on-crypto-pyramid-schemes-targeting-immigrants

New York Cracks Down on Crypto Pyramid Schemes Targeting Immigrants

Leave a Comment / Bitcoin, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, Latitia James, legal, new york, NYAG / / / , , , , , ,

New York Attorney General Letitia James has sued Novatechfx, AWS Mining, and their founders for orchestrating crypto pyramid schemes that defrauded over 11,000 New Yorkers out of more than a billion dollars in cryptocurrency. These companies targeted vulnerable immigrant communities, particularly Haitians, with false promises of high returns. NYAG Letitia James Takes Action Against Crypto […]

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nexo-agrees-to-pay-$45-million-to-sec-and-state-regulators-for-unregistered-offering-of-earn-interest-product

Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product

Leave a Comment / Antoni Trenchev, Bitcoin, Bulgaria’s attorney general, Bulgarian law enforcement, Compliance, crypto assets, crypto companies, Crypto Hacked, Cryptocurrency, cryptocurrency lender, Earn Interest Product, EIP, Ethereum, Gary Gensler, interest-earning product, investor protection, Kosta Kantchev, legal team, News, Nexo, Nexo SEC, NYAG, Office of the New York Attorney General, public disclosure, Regulatory Compliance, regulatory landscape, Schulte Roth and Zabel LLP, SEC, Settlement, state regulators, unified resolution, unregistered offering / / / , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements are on a “no admit, no deny” basis and that the

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