Attorney General James Sues to Shut Down Illegal Cryptocurrency Trading Platform and Virtual Currency, Seeks to Recoup Defrauded Funds for Thousand

From ag.ny.gov

New York Attorney General Letitia James today took legal action to shut down an illegally operating cryptocurrency trading platform that defrauded thousands of investors across the nation out of more than $1 million. In a lawsuit filed against Coinseed, Inc. — the owner and operator of a virtual currency trading platform — and its two top executives — founder and Chief Executive Officer Delgerdalai Davaasambu and Chief Financial Officer Sukhbat Lkhagvadorj — Attorney General James seeks to stop Coinseed and the two individual defendants from further operating as unregistered commodities broker-dealers through ... (full story)