Galaxy Digital To Pay $200 Million In Terra-LUNA Settlement With New York Attorney General

Galaxy Digital has reached a $200 million settlement with the New York Attorney General (NYAG), following allegations the firm failed to disclose its financial interests while promoting the now-collapsed LUNA cryptocurrency.
What Happened: The agreement, revealed through a state filing, resolves a case brought under the Martin Act and Executive Law, Axios reported.
Galaxy Digital CEO Mike Novogratz told Benzinga that after careful consideration, “settling this matter will help Galaxy move forward and minimize distractions” to focus on its mission of “driving innovation and growth in digital assets and artificial intelligence infrastructure.”
The case accuses Galaxy of misleading investors by not disclosing that it was actively selling LUNA (CRYPTO LUNA) tokens even as its executives publicly endorsed the project.
Galaxy Digital was among the high-profile backers of Terraform …Full story available on Benzinga.com

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