Ultimately, Galaxy helped a little-known token increase its market price from $0.31 in October 2020 to $119.18 in April 2022, while profiting in the hundreds of millions of dollars,” the NYAG claims.
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NYAG reaches $200m settlement with Novogratz’s crypto bank Galaxy Digital over LUNA sales
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Galaxy Digital, as alleged in the settlement with the NYAG, by March 2022 made over $100 million by promoting and at the same time selling LUNA tokens without disclosing their actions
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Galaxy Digital, as alleged in the settlement with the NYAG, bought LUNA in 2020 and played a key promotional role in boosting its price from $0.31 to $119.18 while quietly selling millions of tokens at a profit without disclosing its intent to sell
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