Galaxy Digital settled with the New York Attorney General for $200 million to be paid over three years, agreeing to begin payments with $40 million in two weeks and to implement safeguards against conflicts of interest, such as legal reviews of token investments and promotional activities

Event date

Mar 28, 2025 - 12:00am

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Under the settlement, Galaxy will pay $200 million over three years, starting with $40 million in two weeks. The firm also agreed to implement policies to prevent conflicts of interest, including legal analysis of token investments and promotional statements. As of press time, Galaxy Digital made no public statements on the matter.

Galaxy Digital, a crypto investment firm founded by Michael Novogratz, has agreed to a $200 million settlement with the New York Attorney General’s office over allegations it promoted the algorithmic cryptocurrency LUNA while quietly selling millions of tokens at a profit. The firm did not admit or deny the allegations.