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Crypto Scammers Who Used Prayer Groups to Lure Victims Must Pay $1.3 Billion, Says New York
What Decrypt reports, why it matters and what remains unconfirmed.
Law and OrderBy Decrypt Staff at Decrypt
The story in one view
- Reported by
- Decrypt
- Coverage lens
- Policy and regulation
- Published
- Evidence status
- Single attributed publisher report
What Decrypt reports
New York’s attorney general asked a court to order NovaTech’s founders, who fled the country, to pay about $1.37 billion, and settled with four top promoters for nearly $6 million.
The immediate significance
The report describes direct security exposure for users, funds or software. The immediate significance is the potential harm; the confirmed scale and any protective action require technical or primary evidence beyond the publisher summary.
What remains unknown
- The publisher summary does not contain the complete victim, transaction or technical evidence.
- The report does not establish the final loss or exposure, or whether remediation is complete.
- No matched primary document independently supporting the central claim is linked to this page.
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