Galaxy Digital Settles for $200 Million with NY AG Over LUNA Promotion; Terraform Labs Opens Claims Portal

Galaxy Digital has reached a $200 million settlement with the New York Attorney General's Office regarding its promotion of the LUNA cryptocurrency. The settlement follows allegations that Galaxy Digital promoted LUNA without adequately disclosing its holdings and sales to the public. This case is part of broader scrutiny surrounding the collapse of the TerraUSD token, which has prompted Terraform Labs to open a claims portal for creditors who suffered losses from the incident.

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