Ontario judge finds ample evidence that Galaxy Digital misled investors about collapsed cryptocurrencies
- Posted on September 2, 2026
- By The Globe and Mail
- 4 Views
- 1 min read
In brief
An Ontario court has determined that Galaxy Digital Holdings failed to adequately inform investors about the specific dangers associated with Luna and TerraUSD cryptocurrencies before their market collapse. CEO Mike Novogratz acknowledged the company's insufficient disclosure practices during proceedings. This ruling represents a significant development in cryptocurrency investment litigation, highlighting the importance of transparency regarding digital asset risks and regulatory compliance in the crypto industry.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Ontario judge finds ample evidence that Galaxy Digital misled investors about collapsed cryptocurrencies
The ruling said Mike Novogratz ‘forthrightly conceded’ that Galaxy did not disclose the specific risks of Luna and TerraUSD
