Cryptocurrency Platform Hit With Motion For TRO, Preliminary Injunction, And Receiver Appointment

Cozen O'Connor
Contact

Cozen O'Connor

  • New York AG Letitia James moved to stop cryptocurrency trading platform Coinseed, Inc. (“Coinseed”) from allegedly executing unauthorized trades and acting as an unregistered commodity broker-dealer.
  • As previously reported, in February 2021 AG James sued Coinseed over allegations that it operated illegally and defrauded investors in violation of New York’s Martin Act by raising funds in an unregistered securities offering and deceiving investors with false claims about its staff’s expertise and experience.
  • The motion seeks a temporary restraining order, a preliminary injunction, and the appointment of a receiver to safeguard investors’ funds.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Cozen O'Connor | Attorney Advertising

Written by:

Cozen O'Connor
Contact
more
less

Cozen O'Connor on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.