INVESTOR ALERT: Attorney General James Urges New Yorkers Deceived by Crypto Platforms to Report Concerns to OAG

 

AG James Encourages Workers in the Crypto Industry Who May Have Witnessed Misconduct to File a Whistleblower Complaint

  New York Attorney General Letitia James today issued an investor alert urging any New Yorker deceived or affected by the cryptocurrency crash to contact her office. Many high-profile cryptocurrency businesses have frozen customer withdrawals, announced mass layoffs, or filed for bankruptcy, while investors have been left in financial ruin. As part of the Office of the Attorney General’s (OAG) ongoing investigative work, OAG is interested in hearing from New York investors who have been locked out of their accounts, who are unable to access their investments, or who have been deceived about their cryptocurrency investments. New Yorkers who have been affected by this conduct are strongly encouraged to report these issues to OAG. Attorney General James also encourages workers in the cryptocurrency industry who may have witnessed misconduct or fraud to file a whistleblower complaint with her office, which can be done anonymously.

“The recent turbulence and significant losses in the cryptocurrency market are concerning,” said Attorney General James. “Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money. 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.”

In the last few months, investors have lost hundreds of billions of dollars in cryptocurrency markets. New Yorkers who have been affected by the dramatic devaluations of the Terra and Luna virtual currencies and the account freezes on cryptocurrency staking or earning programs, such as Anchor, Celsius, Voyager, and Stablegains, are strongly encouraged to contact OAG’s Investor Protection Bureau. In addition, any New Yorker who believes they are a victim of fraudulent or deceptive conduct should also share their experiences with OAG.

If you are worried that you or someone you know has been a victim of investment fraud, contact OAG’s Investor Protection Bureau online or email investor.complaints@ag.ny.gov. If you have worked in the crypto industry and believe you may have knowledge of wrongdoing, contact OAG’s Investor Protection Bureau, email investor.complaints@ag.ny.gov, or file a complaint using the online whistleblower portal.