Policy
New York Seeks $1.37B From Novatech Founders in Crypto Fraud Case
Bitcoin.com News·October 23, 2026·1 min read
New York is seeking about $1.37 billion from Novatech founders Cynthia and Eddy Petion after a court entered a default judgment in a crypto fraud case. State filings show investors deposited more than $1.16 billion, while only about $26 million was sent to the trading platform, indicating massive misappropriation.
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