Crypto-trading platform Coinseed will close down after being sued by New York for selling 'worthless' tokens and moving investor money without permission
Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy.
Disclaimer | Accessibility Statement | Commerce Policy | Made In NYC | Stock quotes by finanzen.net
New York State Attorney General Letitia James during a news conference in New York on May 21, 2021. REUTERS/Brendan McDermid
Cryptocurrency trading platform Coinseed is shutting down after being sued by New York Attorney General Letitia James earlier this year for fraud.
"I'm announcing that I am winding down the business due to a lawsuit from the NYAG," Del Davaasambuu, Coinseed cofounder and CEO, said in a statement found on the landing page of the company website.
The saga began on February 17 when James filed a lawsuit against the company for defrauding investors out of more than $1 million via undisclosed fees and through the sale of "worthless" CSD tokens, Coinseed's cryptocurrency.
