Galaxy Digital Agrees to $200 Million Settlement Over Terra Promotion Controversy

Galaxy Digital Agrees to $200 Million Settlement Over Terra Promotion Controversy.jpeg

Crypto investment firm Galaxy Digital has reached a significant settlement of $200 million with the New York Attorney General’s Office (NYAG) regarding its promotion of the now-defunct cryptocurrency Terra (LUNA). This settlement comes in the wake of allegations that Galaxy Digital failed to disclose its financial interests while promoting LUNA, which was central to the $40 billion collapse of the Terra ecosystem in 2022.

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