The New York Attorney General has filed a lawsuit against the exchange, accusing cryptocurrency exchange CoinEx of engaging in illegal transactions.
According to Reuters, the New York Attorney General Letitia James, to CoinEx claiming to be serving as an unregistered seller of commodities and securities. sued. In a petition filed by James to the supreme court on February 22, it was stated that CoinEx was selling unregistered commodities and securities and was violating the Martin Law.
In the details of the petition submitted to the court, the informal activity of the exchange was highlighted with the following statements:
CoinEx has offered, sold, bought and executed transactions in cryptocurrencies, which are commodities and securities, without registering as a commodity dealer or a securities dealer in New York.
according to New York law operates as a stock exchange even though it is not registered. A full accounting of account movements and all fees received from New York customers was requested from the directors of the aforementioned CoinEX.
The petition also states that CoinEx is considered both a security and a commodity. Amp (AMP), LBRY Credits (LBC), Terra (Luna) And Rally tokens trading and staking services ignoring state laws was given permission.
On the other hand, it was stated in the petition that the exchange did not comply with a subpoena served a month ago.