Op risk data: Luna crypto chicanery shrinks Galaxy coffers

- By ORX News
- 18 Apr 2025

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March’s largest loss left crypto investment firm Galaxy Digital Holdings $200 million the lighter when the New York state attorney general fined it for failing to disclose its intent to sell its holdings of Luna tokens – a cryptocurrency it was promoting under the false claim it was being used for retail payments in South Korea. In October 2020, Galaxy purchased 18.5 million Luna tokens at a 30% discount from issuer Terraform Labs and began marketing them to the public, claiming they were

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