Galaxy (GLXY) Reaches $200M Settlement Agreement With NYAG Over LUNA Investments

Novogratz’s Galaxy to pay $200 million in New York Luna settlement

"This was not an easy decision and one that we considered carefully," said Galaxy Digital CEO Michael Novogratz in a statement.

Novogratz’s Galaxy to Pay $200 Million in NY Luna Settlement

Michael Novogratz’s Galaxy Digital Holdings will pay $200 million in penalties over the investment firm’s role in promoting the failed Luna cryptocurrency, as part of a settlement with the New York Attorney General.

Galaxy (GLXY) Reaches $200M Settlement Agreement With NYAG Over LUNA Investments

Galaxy reported profit of $174 million and $365 million for Q4 and the full year of 2024 respectively.

Galaxy Slapped With $200 Million Fine Over Luna 'Manipulation’ and ‘Fraud’

New York Attorney General Letitia James has fined Galaxy Digital and several subsidiaries collectively $200 million in disgorgement over three years because of its failure to disclose its sale of Luna tokens while it was promoting them to the public. An Assurance of Discontinuance filed Monday on the NYAG’s website revealed ...

Crypto Leaders Disagree Over Galaxy Digital Settlement With NYAG – Details

In a puzzling development, two prominent crypto figures have voiced contrasting opinions over the settlement deal between Galaxy Digital and the Office of the New York Attorney General (NYAG). On March 28, it was revealed the crypto investment firm led by Michael Novogratz has struck agreements to pay a $200 million fine to the State […]

BitGo CEO backs crypto oversight after Galaxy Digital’s $200M settlement

BitGo CEO Mike Belshe has voiced strong support for enhanced regulation within the cryptocurrency industry. This comes ​in the wake of Galaxy Digital’s recent $200 million settlement with the New York Attorney General (NYAG). Belshe claims that the foundation of his regulation argument is based on the belief that sufficient oversight is the most effective way to address industry problems that might result in overregulation. Belshe condemns Galax…