New York Attorney General (NYAG) Letitia James published a warning for crypto investors. She also reminded unregistered businesses operating in New York of her authority to suspend operations. "Too often, greedy industry players take unnecessary risks with investors' money," she said.
- In a three-page investor notice published on March 1, James recommended extreme caution with virtual currencies.
- Her report mentioned a growing number of bad actors in the crypto industry due to bitcoin's price swings and excessive media attention.
- In a press release issued on the same day, James shared that, in the last week, her office successfully ended Coinseed's operations and stopped Bitfinex & Tether's illegal activities in New York.
- James also encouraged individuals aware of any illegal or unethical behavior in virtual currency trading to file an anonymous transmission via her office's whistleblower site.
Click to tweet the following text (you can edit it before sending): The New York Attorney General published a warning statement for #crypto companies and investors. "Virtual currency is a high-risk and unstable investment," she said.