Galaxy Digital Fined $200M Over Luna: A Pricey Lesson in Hype
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Galaxy Digital Fined $200M Over Luna: A Pricey Lesson in Hype

March 28, 2025
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Michael Novogratz’s Galaxy Digital has agreed to pay $200 million in penalties to settle civil claims with the New York Attorney General (NYAG) over its role in promoting the now-defunct Luna cryptocurrency. The settlement, announced alongside the firm’s Q4 earnings, closes a turbulent chapter in Galaxy’s crypto journey. $200M Settlement

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