NYAG mentioned that CoinEx has failed to register as a broker-dealer.
CoinEx users can recover crypto funds directly from the exchange over the next 90 days.
CoinEx, the Hong Kong-based crypto exchange, has been banned from operating in New York by Attorney General Letitia James. NYAG mentioned that the crypto exchange has failed to register as a broker-dealer. So the authorities shut down the crypto exchange.
There are serious consequences for ignoring New York laws.
As a result of our lawsuit, cryptocurrency platform @coinexcom is banned from operating in New York and the rest of the country and will pay $1.7 million in penalties and refunds for impacted New Yorkers. https://t.co/U3wkdfHu3o
— NY AG James (@NewYorkStateAG) June 15, 2023
On June 15, the NYAG announced that it had shut down the Hong Kong-based crypto exchange CoinEx in New York. Moreover, NYAG mentioned that CoinEx has falsely represented itself as a crypto exchange.
The NYAG’s Lawsuit Against CoinEx
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We współpracy z: https://thenewscrypto.com/nyags-crackdown-on-unregistered-crypto-exchange-coinex/
