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The Attorney General of New York issued an investor alert, imploring any New Yorker affected by the cryptocurrency accident to contact his office.
Attorney General letitia james told how many crypto-currency companies have struggled or collapsed in the context of the current credit crisis, in the published on his office's website.
These circumstances forced crypto platforms to freeze client withdrawals, announce massive layoffs or declare bankruptcy, which, according to James, left many investors in financial ruin.
The alert brought to light the collapse of virtual currencies, and the freezing of accounts on cryptocurrencies marking or winning programs, such as , celsius, travel, and stablegains.
Consequently, The Attorney General's Office (OAG) is soliciting New York investors who have been benched, They do not have access to investment, or deceived with respect to their crypto investments.
New York General is looking for whistleblowers.
The alert also called for all cryptocurrency workers who may have witnessed misconduct or fraud to come forward and report a whistle-blower complaint. It was pointed out that this could be done in an anonymized manner.
“The recent turmoil and large losses in the cryptocurrency market are cause for concern," said Attorney General James. “I urge any New Yorker who believes they were deceived by crypto platforms to contact my office, and I encourage workers in crypto companies who may have witnessed misconduct to file a whistleblower complaint.”
Attorney General is crypto skeptic
Attorney General James has stood out as a prominent skeptic of cryptocurrencies during her tenure. Last year, reached an $18.5 million settlement with her office, which also stipulated that it cease any further trading activity in the state.
Later that year, James ordered two cryptocurrency exchanges to halt operations in New York. In addition to shutting down trade, James asked three other platforms to provide immediate information on their activities and products.
While James did not name the firms in her statement, Bloomberg reported that Nexo Financial had received a cease-and-desist letter, while Celsius Network LLC received a request for more information.
