Anthony Scaramucci, a financier and founder of SkyBridge Capital, criticized the New York State Attorney General's (NYAG) lawsuit against Galaxy Digital. He believes the lawsuit misuses the Martin Act, a law permitting legal actions for financial fraud without intent proof. The case revolves around Galaxy's involvement with the collapsed cryptocurrency, Luna.
- Scaramucci defends Galaxy Digital, citing misleading actions by Terraform Labs.
- Galaxy agreed to pay $200 million over three years to settle.
- The lawsuit was filed despite ongoing cases against Terraform Labs and its founder, Do Kwon.
| Amount | Timeline |
|---|---|
| $200 million | 3 years |
| $40 million | First 15 days |
| $40 million | Within 1 year |
| $60 million | Within 2 years |
| $60 million | Within 3 years |
