Following weeks of volatility in the crypto markets and two high-profile legal cases involving crypto firms in New York state, NY Attorney General Letitia James has issued her starkest warning yet to all participants in the industry.
In a double alert published on March 1, James warned retail traders that they face heightened risks and low protection, both in terms of regular crypto trading and being potentially subject to "abusive and unsafe activity" by bad actors exploiting a period of widespread economic anxiety and high unemployment.