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NYAG directs 2 crypto firms to shut down, investigates 3 others

Published 10/18/2021, 12:53 PM
Updated 10/18/2021, 03:20 PM

The New York Attorney General’s office has alleged two unnamed crypto lending platforms operating in the state have engaged in unlawful activities and ordered three others to provide information on their businesses.

In a Monday announcement, the New York Attorney General’s office said it has ordered two crypto lending platforms — at the time of publication, the names were still redacted — to “cease any and all such activity” relating to selling or offering securities and commodities within ten days. Attorney General Letitia James also requested that three crypto businesses operating in New York — names redacted — provide details on their lending products, policies, procedures, clients in the state and other relevant information.

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