# New York Seeks $1.37B From Novatech Founders in Crypto Fraud Case

- Source: Bitcoin News
- Published: 2026-10-23T16:10:26+00:00
- Category: Markets
- Original: https://news.bitcoin.com/regulation-and-legal/new-york-seeks-1-37b-novatech-founders-crypto-fraud-case/
- Canonical: https://groundlevelnews.com/story/new-york-seeks-1-37b-from-novatech-founders-in-crypto-fraud-case-d740b0/

New York is seeking about $1.37 billion from Novatech founders Cynthia and Eddy Petion after a court entered a default judgment in a crypto fraud case. State filings show investors deposited more than $1.16 billion, while only about $26 million was sent to the platform used for trading. Novatech Founders Face $1.37B Claim After Failing […]

_Ground Level News shows a short summary only; the full article and all rights belong to Bitcoin News._