OMG, Galaxy Digital just whipped out a *checks notes* whopping $200 million to settle with the New York Attorney General. Why, you ask? Because apparently, casually promoting the #LUNA token without mentioning their own financial stake in it is a no-no. I mean, who knew? 🙄
Accusations include violating the Martin Act and Executive Law—which, FYI, are super serious-sounding laws that basically mean: “Don’t even THINK about being shady with financial stuff.” So yeah, not a great look for ol’ Galaxy Digital.
Lesson learned here, folks? If you’re a crypto company peddling tokens, be a dear and disclose your interests. Otherwise, the Attorney General will come knocking, and let me tell you, that ain’t a social call. 💁♀️
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2025-03-28 15:37