New York Seeks $1.37B From NovaTech Founders Over Crypto Ponzi
New York Attorney General Letitia James has asked a court to order the founders of crypto investment firm NovaTech to pay about $1.37 billion. The filing, made on Thursday in New York County
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October 25, 2026
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New York Attorney General Letitia James has asked a court to order the founders of crypto investment firm NovaTech to pay about $1.37 billion.
The filing, made on Thursday in New York County Supreme Court, seeks the sum from Cynthia and Eddy Petion, NovaTech and related companies. It is made up of about $1.13 billion in disgorgement, the return of money gained, plus about $232 million in interest. The amount is a request, and the court has not yet ruled on it.
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