© Reuters. New York sues crypto exchange CoinEx for failing to register with the state
The cryptocurrency exchange CoinEx has been sued by New York Attorney General Letitia James, who alleges the company falsely presented itself as an exchange by failing to register as a securities and property agent with the state.
In a 38-page petition filed by James with the New York Supreme Court on February 22, CoinEx is alleged to have “engaged in repeated and persistent fraudulent practices” and violated the state’s Martin Act, considered one of the strictest anti-fraud and securities laws in the United States.
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He also claimed that CoinEx listed several tokens that qualified as “both goods and securities.”naming Amp (AMP), LBRY Credits (LBC), Rally (RLY) and (LUNA).
Read the full article on Cointelegraph
