New York Attorney General Letitia James has asked a court to order NovaTech's founders, Cynthia and Eddy Petion, and related companies to pay $1.37 billion, including about $1.13 billion in investor funds and $232.5 million in interest, following a default judgment in August 2025. Four people who recruited investors have separately agreed to pay nearly $6 million in settlements for victims. The AG's office said more than 11,000 New Yorkers lost tens of millions of dollars through NovaTech and the earlier AWS Mining scheme, with promoters targeting Haitian and other immigrant communities through prayer groups, social media and WhatsApp. Investors deposited about $1.16 billion into NovaTech's crypto wallets between August 2019 and May 2023, but only about $26 million went to trading provider B2Broker, and a separate motion seeks about $6.15 million over AWS Mining, including interest.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/22/2026 | 81,416.09 |
| Change that session | -3.18% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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