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Galaxy Digital Reaches $200M Settlement Agreement With NYAG

Category: Crypto General -> Lawsuits and regulatory

Type: article

https://www.bankless.com/read/galaxy-digital-reaches-200m-settlement-agreement-with-nyag-over-luna-investments

Galaxy Crypto Asset Management company got $200 million penalty for promoting and selling LUNA Terra coin which collapsed in 2022 due to algorithmic stablecoin dysfunction. Company earned $100 million on LUNA.