• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
Advertisement
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

New York urges crypto market crash victims to speak out

August 2, 2022
in Regulations
Reading Time: 2 mins read
A A
0
New York urges crypto market crash victims to speak out
0
SHARES
11
VIEWS
ShareShareShareShareShare

New York’s Attorney General Letitia James has urged victims of the recent crypto market crash to contact her office.

The investor alert asked those who believe they have been deceived or locked out of their accounts by various crypto projects impacted by the recent market crash to contact the NYAG Investor Protection Bureau.

James also urged workers in the crypto industry who might have witnessed fraud or misconduct to file a whistleblower report with her office. The individual could file the whistleblower report anonymously.

James said:

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

The press release mentioned the collapse of the Terra/LUNA ecosystem and “account freezes on cryptocurrency staking or earning programs, such as Anchor, Celsius, Voyager, and Stablegains,” have significantly affected New Yorkers.

Meanwhile, those who know someone that the collapse has impacted can still contact the attorney general’s office.

New York has had several attempts at regulating the crypto industry. In October 2021, the attorney general office ordered all unregistered crypto lending platforms to cease operations.

The attorney general issued a taxpayer notice this year directing digital assets investors to declare and pay tax on their assets. The office reached a settlement of close to $1 million with BlockFi for offering unregistered securities in June.

US states targeting Celsius, others

While New York is just declaring its interest in investigating crypto lenders like Celsius and others, several US states like Vermont, Alabama, and Texas have opened investigations into how these firms operated.

Vermont’s Department of Financial Regulation (DFR) declared that Celsius mismanaged its users’ funds and that it was deeply insolvent.

Regulators in Alabama and Texas were also investigating whether the firms’ offerings qualified as securities and whether they met disclosure requirements.

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Credit: Source link

ShareTweetSendPinShare
Previous Post

AFC Logistics Selects New Company Office Location in Tampa’s Channel District

Next Post

The ballooning cost of student loans to taxpayers

Related Posts

AI companies lobby for open-source support in EU’s upcoming regulations
Regulations

OpenAI draws scrutiny from Polish authorities over alleged violations of EU General Data Protection Regulation

September 22, 2023
5
UK’s Financial Conduct Authority issues ‘final warning’ about upcoming marketing and disclosure rules
Regulations

UK’s Financial Conduct Authority issues ‘final warning’ about upcoming marketing and disclosure rules

September 22, 2023
3
Gensler says U.S. government shutdown would reduce SEC to skeleton crew
Regulations

Gensler says U.S. government shutdown would reduce SEC to skeleton crew

September 21, 2023
4
Federal Reserve holds rates steady amid inflation concerns; future hikes still possible
Regulations

Federal Reserve holds rates steady amid inflation concerns; future hikes still possible

September 21, 2023
3
Ripple CEO takes crypto regulatory clarity fight to Washington
Regulations

Ripple CEO takes crypto regulatory clarity fight to Washington

September 20, 2023
4
Next Post
The ballooning cost of student loans to taxpayers

The ballooning cost of student loans to taxpayers

Recommended

Dormant Ethereum ICO Address Finally Moves ETH Away

Dormant Ethereum ICO Address Finally Moves ETH Away

September 8, 2023
6
UK FCA Gives Crypto Firms More Time to Implement Some Tough Ads Rules: Report

UK FCA Gives Crypto Firms More Time to Implement Some Tough Ads Rules: Report

September 11, 2023
6
Islamic Coin Launches Public Sale On Republic

Islamic Coin Launches Public Sale On Republic

September 18, 2023
5
The Top 10 Meme Coins To Buy In Early 2023

The Top 10 Meme Coins To Buy In 2023

September 7, 2023
5
Average U.S. Storage Device Price Is $190 per Unit

Average U.S. Storage Device Price Is $190 per Unit

September 12, 2023
5
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Russia’s Central Bank Paves Way for Nationwide Adoption of CBDC by 2025
  • Analysts Split – Rally to $1.80 or Dip to $0.41?
  • ATOM Surges 13% in 1 week; Can QUBE & ATOM Be September’s Top Earners?

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?