United States of America: New York State AG lawsuit into NovaTechFx and AWS Mining over alleged misuse of invested cryptocurrency
Progress
Current status
under deliberation
06 Jun 2024 under deliberation
Scope
Implementers
United States of America
Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
subnational
Timeline of events
Announced New York State AG lawsuit into NovaTechFx and AWS Mining over alleged misuse of invested cryptocurrency
On 6 June 2024, the New York Attorney General (AG) announced a lawsuit against cryptocurrency trading company NovaTechFx, its founders, and cryptocurrency mining company AWS Mining. The lawsuit claims these entities defrauded investors, including ov…
SourceEvent type
public lawsuit
Action type
announcement
Government branch
executive
Government body
central government