Crypto industry workers in New York who witnessed misconduct within their companies should file a whistleblower complaint, New York State Attorney General Tish James announced on Monday.
James issued an “investor alert” urging those involved with crypto firms to contact her office if they have been impacted by recent chaos in the market, or if they witnessed improper behavior inside a crypto company.
“The recent turbulence and significant losses in the cryptocurrency market are concerning,” James said in a statement. “Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money. I urge any New Yorker who believes they were deceived by crypto platforms to contact my office, and I encourage workers in crypto companies who may have witnessed misconduct to file a whistleblower complaint.”
James’ call for whistleblowers comes as the crypto market sagged this summer. New Yorkers impacted by the Terra crash or by turmoil at Celsius, Voyager, and other firms to contact the office’s investor protection bureau. The state attorney general’s office also has an online whistleblower complaint portal.
James has taken aim at crypto firms in the past. The attorney general settled with BlockFi for nearly $1 million in June, and directed unregistered crypto lending platforms to cease operations for not allegedly not fulfilling legal obligations last fall.
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