New York AG Seeks $1.37B From NovaTech Founders Over Alleged Crypto Ponzi Scheme

TLDR: New York AG seeks $1.37 billion from NovaTech founders Cynthia and Eddy Petion over alleged crypto fraud. Investors deposited $1.16 billion, but only $25.99 million reached trading, resulting in $18.19 million in losses. Investigators traced at least $134.5 million to founders’ wallets as NovaTech allegedly promised 2%–4% weekly returns. Four NovaTech promoters agreed to [...]

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