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Friday, October 23, 2026Updated 19:22 UTC

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

Source: Bitcoin News · Oct 23, 2026 16:10 UTC

Pile of physical souvenir Bitcoin coins — File photo antanacoins / Flickr · CC BY-SA 2.0 · Source

The Quick Take

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 […]

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