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New Yorkers Who Feel Deceived by Crypto Companies Urged To Report to Attorney General in Investor Alert

New York Attorney General Letitia James is encouraging New Yorkers affected by the crypto crash to talk to her office about their experiences with digital asset exchanges.

In a new Investor Alert, the NY Office of the Attorney General  it is encouraging crypto industry whistleblowers to approach the office as well.

“New York Attorney General Letitia James today issued an investor alert urging any New Yorker deceived or affected by the cryptocurrency crash to contact her office. Many high-profile cryptocurrency businesses have frozen customer withdrawals, announced mass layoffs, or filed for bankruptcy, while investors have been left in financial ruin.

As part of the Office of the Attorney General’s (OAG) ongoing investigative work, OAG is interested in hearing from New York investors who have been locked out of their accounts, who are unable to access their investments, or who have been deceived about their cryptocurrency investments.”

As stated by James,

“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. I urge any New Yorker who believes they were deceived by crypto platforms to contact my office, and I encourage workers in crypto companies who may have witnessed misconduct to file a whistleblower complaint.”

Crypto turbulence has thus far been a theme of 2022. With Bitcoin () plunging from its November 2021 all-time high of $69,000 to its current value of $23,354, many crypto businesses have crashed alongside the market, most notably CelsiusVoyagerThree Arrows Capital

The New York Office of the Attorney General announcement says investors affected by these and other such companies should contact the state’s Investor Protection Bureau. 

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 8/2/2022

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