{"id":12637,"date":"2022-08-01T15:55:16","date_gmt":"2022-08-01T15:55:16","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/new-york-ag-calls-for-whistleblowers-deceived-or-affected-by-the-crypto-market-crash\/"},"modified":"2022-08-01T15:55:18","modified_gmt":"2022-08-01T15:55:18","slug":"new-york-ag-calls-for-whistleblowers-deceived-or-affected-by-the-crypto-market-crash","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/new-york-ag-calls-for-whistleblowers-deceived-or-affected-by-the-crypto-market-crash\/","title":{"rendered":"New York AG calls for whistleblowers ‘deceived or affected’ by the crypto market crash"},"content":{"rendered":"

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New York Attorney General Letitia James has opened the doors for investors who may have witnessed misconduct at a crypto firm amid the extreme market volatility to file a complaint as a whistleblower.<\/p>\n

In a Monday notice, James called on New York-based crypto users who have been locked out of accounts at exchanges or lending platforms, unable to access funds, or \u201cdeceived about their cryptocurrency investments\u201d to contact the Office of the Attorney General. As a whistleblower, an individual filing a complaint with authorities could be kept anonymous \u2014 the New York Attorney General\u2019s website already includes the option to submit relevant documents and information through a Tor Browser.<\/p>\n

\u201cInvestors were promised large returns on cryptocurrencies, but instead lost their hard-earned money,\u201d said James. \u201cI 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.\u201d<\/p>\n

The AG specifically called for investors whose funds may have been affected by the Terra\u00a0(LUNA) \u2014 now renamed Terra Classic (LUNC) \u2014 crash, as well as those whose withdrawals wepaused or accounts frozen on staking or yield generation platforms including Celsius, Voyager, Anchor and Stablegains. The New York AG\u2019s Investor Protection Bureau will process any complaints received.<\/p>\n

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The cryptocurrency market is extremely unpredictable. Just last month, the market reached record lows and investors lost hundreds of billions.
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New Yorkers should be cautious and think twice before putting their hard-earned money into this unstable market.<\/p>\n

\u2014 NY AG James (@NewYorkStateAG) June 2, 2022<\/a><\/p><\/blockquote>\n

Related: <\/em><\/strong>Facebook whistleblower warns Metaverse will repeat \u2018all the harms\u2019<\/em><\/strong><\/p>\n

<\/strong>In terms of enforcement among crypto firms, the New York Attorney General\u2019s office has seemingly been at the forefront among state and federal authorities in the United States. In October 2021, the AG cracked down on two crypto lending platforms it alleged had been operating in the state illegally by selling and offering securities and commodities. James\u2019 office also warned crypto users in June \u2014 amid the falling\u00a0prices of major tokens\u00a0\u2014 of the risks of the market, with investors losing \u201c\u200b\u200bhundreds of billions.\u201d<\/p>\n