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Galaxy Digital Settles $200 Million Lawsuit Over LUNA Token Allegations

  • Galaxy Digital settles a $200 million lawsuit over allegations related to LUNA tokens.
  • The company, led by Michael Novogratz, was accused of promoting and purchasing LUNA tokens at a discounted price.
  • Galaxy Digital's activities helped increase the token's visibility and led to a surge in its price.
  • The settlement highlights the growing scrutiny on crypto firms and the potential legal and financial consequences they face for promoting risky assets.

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