New York Seeks $1.37 Billion in Damages from NovaTech Ponzi Scheme

The operators of NovaTech, a cryptocurrency investment platform, have been accused of defrauding investors out of over $1.1 billion. The scheme's victims include investors who were lured in by the promise of unusually high returns. The New York attorney general is now seeking to recover the losses, plus interest, in a court filing. The move is part of a growing effort to hold crypto perpetrators accountable for their actions. The NovaTech scheme is the second major crypto fraud to be targeted by the New York attorney general in recent years.