New York Attorney General Letitia James has urged investors in her state who believe they have been deceived by a crypto platform to contact her office. “Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money,” she stressed.


Letitia James Issues Investor Alert on Cryptocurrency


New York professional General Letitia James issued an capitalist alert on cryptocurrency Monday. “Many high-profile cryptocurrency businesses have frozen client withdrawals, proclaimed mass layoffs, or filed for bankruptcy, whereas investors are left in financial ruin,” the alert states. 

James urged any New Yorker deceived or affected by cryptocurrency platforms to contact the workplace of the attorney General (OAG). in addition, she inspired anyone within the cryptocurrency trade “who might have witnessed misconduct or fraud to file a source criticism with her office,” adding that it will be done anonymously. 

“The recent turbulence and important losses within the cryptocurrency market ar regarding,” the professional general emphasised, elaborating: 

Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money.

The alert details that within the last few months, investors have lost many billions of dollars in cryptocurrency markets, citing the terra (LUNA) and terrausd (UST) collapse and withdrawal freezes at many crypto companies, like voyager Digital and Anders Celsius Network. 

Attorney General James detailed: 

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.

“OAG is interested in hearing from new york investors who are latched out of their accounts, who are unable to access their investments, or who are deceived regarding their cryptocurrency investments,” the announcement adds. 

In June, James issued a warning regarding investment in cryptocurrency, stating that the crypto market is “extremely unpredictable” and “unstable.”

( Kevin Helms, Bitcoin.com, 2022 )