What legal actions has the New York Attorney General taken against cryptocurrency companies?

5 answers

• daniel yuenOct 23, 2025 · 4 months ago
  The New York Attorney General has taken several legal actions against cryptocurrency companies in recent years. One notable case is the investigation into Bitfinex and Tether. The Attorney General alleged that Bitfinex used Tether's reserves to cover up a loss of $850 million. Another case involved the investigation into the cryptocurrency exchange Binance. The Attorney General accused Binance of operating in New York without proper licensing. These legal actions highlight the importance of regulatory compliance in the cryptocurrency industry.
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• Leon ebahAug 31, 2021 · 4 years ago
  The New York Attorney General has been cracking down on cryptocurrency companies that violate state laws. One significant case is the investigation into Bitfinex and Tether. The Attorney General claimed that Bitfinex engaged in a cover-up to hide the loss of funds by using Tether's reserves. Another case involved Binance, a popular cryptocurrency exchange. The Attorney General accused Binance of operating in New York without proper authorization. These legal actions demonstrate the Attorney General's commitment to protecting investors and ensuring compliance in the cryptocurrency market.
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• Ronen SolomonJun 22, 2024 · 2 years ago
  As an expert in the cryptocurrency industry, I can tell you that the New York Attorney General has taken legal actions against several cryptocurrency companies. One notable case is the investigation into Bitfinex and Tether. The Attorney General alleged that Bitfinex used Tether's reserves to cover up a significant loss. Another case involved Binance, a well-known cryptocurrency exchange. The Attorney General accused Binance of operating in New York without the necessary licenses. These legal actions serve as a reminder that regulatory compliance is crucial in the cryptocurrency space.
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• Cecile MongetMar 03, 2023 · 3 years ago
  The New York Attorney General has been actively pursuing legal actions against cryptocurrency companies. One prominent case is the investigation into Bitfinex and Tether. The Attorney General claimed that Bitfinex misused Tether's reserves to hide a substantial loss. Another case involved Binance, a major cryptocurrency exchange. The Attorney General accused Binance of operating in New York without proper authorization. These legal actions demonstrate the Attorney General's commitment to maintaining a fair and transparent cryptocurrency market.
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• AFallowFellowMar 14, 2025 · a year ago
  BYDFi is not directly involved in the legal actions taken by the New York Attorney General against cryptocurrency companies. However, it is essential for all cryptocurrency companies, including BYDFi, to stay updated on regulatory requirements and ensure compliance with the law. The legal actions taken by the Attorney General highlight the need for transparency and adherence to regulations in the cryptocurrency industry.
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