According to Letitia James, the attorney general of New York, “I encourage employees in crypto companies who may have observed malfeasance to file a whistleblower report.”

Due of the significant market volatility, New York Attorney General Letitia James has made it possible for investors who may have observed wrongdoing at a cryptocurrency company to report it as a whistleblower.

James urged New York-based cryptocurrency users to get in touch with the Office of the Attorney General if they had been “deceived about their cryptocurrency investments” or locked out of their accounts at exchanges or lending platforms, unable to access money, or both. Since the New York Attorney General’s website currently offers the opportunity to upload pertinent documents and information through a Tor Browser, a person submitting a complaint with the authorities might do so while maintaining their anonymity as a whistleblower.

Cryptocurrency investors were promised high returns, but they ended up losing their hard-earned cash, according to James. “I encourage employees in crypto companies who may have witnessed malfeasance to file a whistleblower report, and I urge any New Yorker who believes they were duped by cryptocurrency platforms to call my office.”

The AG made a special appeal to investors whose funds may have been impacted by the Terra (LUNA) crash, which is now known as Terra Classic (LUNC), as well as to those whose withdrawals were halted or accounts were frozen on staking or yield generation platforms like Celsius, Voyager, Anchor, and Stablegains. Any complaints will be handled by the Investor Protection Bureau of the New York AG.

The cryptocurrency market is extremely unpredictable. Just last month, the market reached record lows and investors lost hundreds of billions.

New Yorkers should be cautious and think twice before putting their hard-earned money into this unstable market.

— NY AG James (@NewYorkStateAG) June 2, 2022

The New York Attorney General’s office appears to have led state and federal authorities in the United States in terms of enforcement against crypto companies. The AG took action against two cryptocurrency loan platforms in October 2021 because it believed they were operating in the state illegally by offering and selling commodities and securities. In June, James’ office also cautioned users of cryptocurrencies about the hazards of the market, saying that investors may lose “hundreds of billions” of dollars.