New York AG accuses Coinseed of defrauding investors
The New York Attorney General has filed a lawsuit against crypto investment platform Coinseed for allegedly defrauding investors and selling a token that remains unlisted three years later. New York State Attorney General Letitia James has sued crypto investment platform Coinseed Inc for allegedly defrauding thousands of investors out of more than $1 million. According to the Attorney General, Coinseed and its CEO Delgerdalai Davaasambu and former CFO Sukhbat Lkhagvadorj, traded unlawfully, defrauding investors between 2017 and May 2018:“Rather than selling stock, Coinseed sold digital....
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New York Attorney General Letitia James ends operations for Coinseed following complaints that client funds had been converted to DOGE without their knowledge. The New York Attorney General (NYAG) has won a victory against crypto exchange Coinseed for its dodgy dealings with Dogecoin and defrauding its customers. On Sept. 13 NYAG Letitia James ordered Coinseed Inc. to permanently halt operations and pay $3 million in fines after it had been accused of freezing withdrawals and converting client funds into Dogecoin (DOGE) without consent. The exchange also emptied its bank accounts and....
The crypto trading platform Coinseed is shutting down operations according to a written statement from the company’s CEO Delgerdalai Davaasambuu. A court order secured by New York Attorney General Letitia James told Coinseed to halt all of its operations. Following the announcement of the shutdown, Coinseed’s CEO said he created an ERC20 token called “FLJ” that’s dedicated to Attorney James “and her cronies.” New York Attorney General Letitia James Obtains Court Order, Agency Claims 170 Complaints Filed Coinseed is calling it quits after the firm....
Coinseed also created an ERC-20 token whose message is targeted at New York Attorney General Letitia James. Coinseed, a crypto platform that enabled micro-investing in cryptocurrency assets for its users, has shut down its operations.Delgerdalai Davaasambuu, founder and CEO of Coinseed, announced the decision via a statement published on the platform’s website.Detailing his decision to shutter the business, Davaasambuu wrote:“It is with an incredibly heavy heart, today I’m announcing that I am winding down the business due to a lawsuit from the NYAG (New York Attorney General).”As....
Coinseed allegedly bilked investors of $1 million through false statements, hidden fees and a flopped token.
A class action lawsuit has been filed in South Korea accusing cryptocurrency exchange V Global of defrauding investors. The police reportedly estimate that 69,000 people have invested with the crypto exchange and the damage amounts to 3.8 trillion won. Crypto Exchange Sued for Defrauding Investors South Korean cryptocurrency exchange V Global has been accused of fraud worth $3.8 trillion won ($3.5 billion). A class action lawsuit has been filed by 130 victims. Daegeon, a law firm representing the victims, said: “The 130 victims decided to file a joint complaint with the Gyeonggi....