Crypto investment firm Galaxy Digital has struck a settlement deal with the NYAG to pay a $200 million fine over the promotion of the now-defunct Terra (LUNA) token.
Anthony Scaramucci, founder of SkyBridge Capital, criticizes the NYAG's actions as 'lawfare' and defends Galaxy Digital, stating their promotions were based on provided information.
Mike Belshe, CEO of BitGo, disagrees with Scaramucci, supporting the NYAG's case against Galaxy Digital based on the pump-and-dump pattern observed.
The crypto market is currently valued at $2.65 trillion, with Bitcoin leading with a 61.2% dominance, followed by Ethereum and other altcoins.