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New York Attorney General Letitia James has urged investors in her state who believe they have been deceived by a crypto platform to contact her office. \u201cInvestors were promised large returns on cryptocurrencies, but instead lost their hard-earned money,\u201d she stressed.<\/strong>\n<\/p>\n \n James urged any New Yorker deceived or affected by cryptocurrency platforms to contact the Office of the Attorney General (OAG). In addition, she encouraged anyone in the cryptocurrency industry \u201cwho may have witnessed misconduct or fraud to file a whistleblower complaint with her office,\u201d adding that it can be done anonymously.<\/p>\n \u201cThe recent turbulence and significant losses in the cryptocurrency market are concerning,\u201d the attorney general emphasized, elaborating:\n<\/p>\n Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money.<\/p>\n<\/blockquote>\n \nThe alert details that in the last few months, investors have lost hundreds of billions of dollars in cryptocurrency markets, citing the terra (LUNA) and terrausd (UST) collapse and withdrawal freezes at several crypto firms, such as Voyager Digital and Celsius Network.<\/p>\n Attorney General James detailed:\n<\/p>\n 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.<\/p>\n<\/blockquote>\n \n In June, James issued a warning<\/a> about investing in cryptocurrency, stating that the crypto market is \u201cextremely unpredictable\u201d and \u201cunstable.\u201d<\/p>\nLetitia James Issues Investor Alert on Cryptocurrency<\/h2>\n
\nNew York Attorney General Letitia James issued an investor alert on cryptocurrency Monday. \u201cMany high-profile cryptocurrency businesses have frozen customer withdrawals, announced mass layoffs, or filed for bankruptcy, while investors have been left in financial ruin,\u201d the alert states.<\/p>\n\n
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\n\u201cOAG 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,\u201d the announcement adds.<\/p>\n