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Lack of Disclosure on LUNA Costs Galaxy Digital $200 Million

Galaxy Digital, founded by Michael Novogratz, has agreed to pay $200 million in penalties to resolve allegations that it violated New York laws by promoting the cryptocurrency LUNA without disclosing its financial intere...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Lack of Disclosure on LUNA Costs Galaxy Digital $200 Million
Galaxy Digital, founded by Michael Novogratz, has agreed to pay $200 million in penalties to resolve allegations that it violated New York laws by promoting the cryptocurrency LUNA without disclosing its financial interests. Galaxy’s LUNA Disclosure Failure Violated NY Laws Michael Novogratz’s Galaxy Digital recently agreed to pay $200 million in penalties to resolve allegations […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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