New York Files $1 Billion Fraud Lawsuit Against Crypto Miner a | Altcoin Holder

New York Files $1 Billion Fraud Lawsuit Against Crypto Miner and Exchange

New York Attorney General Letitia James has filed a billion-dollar lawsuit against crypto exchange NovaTech and AWS Mining for defrauding hundreds of thousands of investors, including 11,000 New Yorkers, through illegal pyramid schemes. They targeted immigrant and religious communities, promising high returns and using social media and WhatsApp for scams. James seeks to ban both firms from operating in New York.