With the New York State Attorney General for $ 200 million, the Crypto Investment Giant Galaxy Digital has set itself up after being confronted with accusations that it was illegally supported the fateful Luna-Token.
New York Attorney General Letitia James claims that the founder of Terra do Kwon Galaxy Digital has recruited to buy Luna tokens and to argue for his project in the West.
James says that in October 2020, the investment firm, which did not allow the AG’s allegations, bought 18.5 million Luna from Terraform Labs for $ 0.22 per token, a discount of almost 30% on the then market price of $ 0.31.
“Like Michael Novogratz, founder and chief executive officer of Galaxy, later said, Galaxy helped the interest in Luna because of her marketing efforts. Tattoo reached Luna $ 100.
But while Novogratz posted photos of his tattoo and his Luna -Bullishness expressed the public, Galaxy sold millions of tokens in the market against many multiples of his initial costs without making known that it was sold. “
James notes that Galaxy Digital had left his Luna position almost completely by the time the Terra ecosystem imploded in May 2022.
Kwon was arrested in Montenegro in 2023 while trying on board a flight to Dubai using a fake Costa Rican passport.
The South Korean software engineer is confronted with fraud costs in both the United States and his native country, but Montenegrin authorities decided to deliver him to the US in December.
Kwon is confronted with a maximum fine of 130 years in prison and his trial is currently planned for January 2026.
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