New York seeks over $1.3 billion from NovaTech founders after couple fled US
AI summary
New York is seeking more than $1.3 billion from the founders of NovaTech, who have fled the US, according to The Block. The platform reportedly took in $1.16 billion from users while trading only a fraction of those funds. The case reinforces regulatory and enforcement risk around crypto-adjacent investment schemes, a negative signal for confidence in unregulated platforms.
