NY-AG v. Coinseed

Coinseed and Delgerdalai Davaasambuu allegedly engaged in fraudulent activities that cheated investors out of millions. According to NY-AG, Coinseed continued their fraud and commenced additional fraudulent conduct by trading in investors’ accounts without permission and then blocking investors from accessing those accounts. Coinseed and its CEO defied a preliminary injunction by creating, offering, and selling a new virtual currency.

Summary generated from official New York Attorney General press release