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New York Seeks $1.37B From Novatech Founders in Crypto Fraud Case

News.Bitcoin.com
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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 deposited more than $1.16 billion, while only about $26 million was sent to the platform used for trading. Novatech Founders Face $1.37B Claim After Failing […]

Key Takeaways

  1. 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.
  2. State filings show investors deposited more than $1.16 billion, while only about $26 million was sent to the platform used for trading.
  3. Novatech Founders Face $1.37B Claim After Failing […]
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Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.