Galaxy to pay $200M to New York over alleged LUNA manipulation
Article
Publish date
Mar 28, 2025 - 12:00am
Publisher
Blockworks
Web URL
https://blockworks.co/news/galaxy-terra-luna-200m
Referenced by
Galaxy Digital settles with NYAG for $200M over LUNA promotion
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Back in 2020, the legal filing claims, Terra founder Do Kwon sought out Galaxy to help purchase and promote Luna tokens.
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Galaxy bought more than 18.5 million LUNA from Terraform in October 2020 at $0.22 per token, a nearly 30% discount to LUNA’s then-market price of $0.31 and began endorsing Luna,” the filing said.
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