NY AG Moves To Halt Crypto Firm After New Investor Claims

Law360 (May 7, 2021, 4:59 PM EDT) -- New York's attorney general on Thursday asked a judge to halt the operations of unregistered cryptocurrency trading platform Coinseed, claiming the company has frozen withdrawals, converted investor funds to "volatile" meme currency Dogecoin without their consent and drained its bank accounts since being sued in February.

State Attorney General Letitia James told New York Supreme Court Justice Andrew Borrok that her office has received more than 130 investor complaints of illegal conduct by Coinseed Inc. in the months since she and the U.S. Securities and Exchange Commission filed parallel suits against the company and two of its top executives.

The attorney general's...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!