Cryptocurrencies

Crypto Fraudsters Made a Big Bet on Dogecoin, New York Claims

Coinseed accused of illegally sinking investor funds in Doge
Currency inspired by joke has surged as Musk championed it

WATCH: Dogecoin, the 5th most valuable cryptocurrency, retreated from an all-time high after billionaire Elon Musk appeared on Saturday Night Live and jokingly called it “a hustle.” (Source: Quicktake)

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By Olga Kharif

May 11, 2021 at 5:01 PM UTC

This article is for subscribers only.

A tiny cryptocurrency trading platform being sued by New York may have illegally sold securities, improperly acted as a broker-dealer and made false and misleading statements about its fees and its management team.

It may even have made its customers some money.