New York seeks $1.3 billion from NovaTech founders after couple fled US
New York’s attorney general is seeking New York seeks over $1.3 billion from NovaTech founders after couple fled the US.
from the founders of NovaTech, a platform that collected New York wants $1.3 billion from NovaTech's founders, whose platform took in $1.16 billion and traded a fraction of it.
but traded only a fraction of customer deposits, according to Cointelegraph. The action follows an August 2025 default judgment against the founders. The state also announced nearly The request follows an August 2025 default judgment, with the AG also announcing nearly $6 million in settlements with four promoters.
in settlements with four promoters involved in the scheme.
Sources: The Block, Cointelegraph
This article is for information only and is not financial advice.
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