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

Summary by Coin Desk

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

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Fortune

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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.

3 days ago·New York, United States

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Bloomberg

Lean Left

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.

3 days ago·United States

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Coin Desk

Center

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.

3 days ago·Manila, Philippines

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Bitcoin Insider

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 […]

1 day ago

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Cryptopolitan

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…

1 day ago

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The Daily Hodl

Crypto Investment Firm Galaxy Digital Settles With New York AG for $200,000,000 Over Luna Allegations - The Daily Hodl

The crypto investment giant Galaxy Digital has settled with the New York State Attorney General for $200 million after facing allegations that it illegally propped up the ill-fated LUNA token. New York Attorney General Letitia James alleges Terra founder Do Kwon recruited Galaxy Digital to purchase LUNA tokens and advocate for his project in the West. James says the investment firm, which did not admit or deny the AG’s allegations, bought 18.5 m…

2 days ago

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