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Crypto briefing · Friday, October 23, 2026 · Evening edition · Story 2 of 5
New York seeks over $1.3 billion from NovaTech founders in crypto fraud case
New York is seeking over $1.3 billion from NovaTech founders after a court entered a default judgment in a crypto fraud case. Investors deposited more than $1.16 billion, but only about $26 million was used for trading.
Why it matters: This case highlights the risks of investing in unregulated crypto platforms and the legal actions being taken against fraudulent schemes.
Sources: Bitcoin.com News · The Block · Crypto.news · Cointelegraph · Bitcoin Magazine
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