Inside a $1.37 Billion Crypto Collapse: Why Victims May Never See Their Money
Photo: ETHNews
New York’s October 22, 2026 court filing seeks $1.367 billion from NovaTech and founders Cynthia and Eddy Petion. Records obtained from CoinPayments and B2Broker show that only 2.24% of documented investor deposits reached the trading platform. Investigators identified substantial transfers to wallets associated with the founders, but incomplete records complicate investor identification. Four promoters agreed to pay nearly $6 million, while no victim compensation process was announced in the latest enforcement update.
Source: ETHNews
