New York seeks $1.3B from NovaTech as 11,000 victims face payout delay
AI summary
New York's Attorney General filed an October 22 motion seeking $1.3 billion from NovaTech, following a 2025 liability ruling against the crypto scheme. Roughly 11,000 victims now face delays in recovering funds, while separate promoter obligations include Ciceron's installment payments running through 2029. The case signals continued aggressive enforcement against crypto fraud, though it affects a defunct operation rather than broader market structure.
Narrative history
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1H AGOYou’re reading thisNew York seeks $1.3B from NovaTech as 11,000 victims face payout delayCryptoSlate · Score 55
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18H AGOCointelegraph · Score 72 · via NovaTech, NovaTech founders
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21H AGOThe Block · Score 55 · via NovaTech, $1.3B NovaTech
