{"id":19553,"date":"2025-03-28T12:31:47","date_gmt":"2025-03-28T12:31:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19553"},"modified":"2025-03-28T12:31:47","modified_gmt":"2025-03-28T12:31:47","slug":"galaxy-digital-reaches-200m-settlement-agreement-with-nyag-over-luna-investments","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19553","title":{"rendered":"Galaxy Digital Reaches $200M Settlement Agreement With NYAG Over LUNA Investments"},"content":{"rendered":"<div>\n<p>Galaxy Digital (GLXY), the Mike Novogratz-led digital asset financial services firm, will pay $200 million as a settlement with the New York Attorney General&#8217;s (NYAG) office relating to the collapse of the Terra-Luna ecosystem in 2022.<\/p>\n<p>The firm will pay $200 million to the State of New York for matters relating to its investment, trading and public statements of LUNA, which collapsed in May 2022, wiping out around $60 billion in value, <a href=\"https:\/\/finance.yahoo.com\/news\/galaxy-announces-fourth-quarter-full-100000862.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAFcsgTNHph_Pe6Dms1TS7SjSno2YDRNBYd2yHQc_k0HruN4Y-oNsvSNed-aOX4QtmNwJYISBA1EQbHMbiztKFc58qb9ku_2FTy0GPuexOSgTU0WS85Dp67GYhzxJgWnaiTbweKSP5KiwiWjcGnE4m10bucDD2rWnqMYQJPbk6c0h\" target=\"_blank\">Galaxy announced on Friday<\/a>.<\/p>\n<p>Galaxy disclosed the settlement as part of its latest earnings statement, which reported profit of $174 million and $365 million for Q4 and the full year of 2024 respectively, when the accrued legal provision for the settlement with NYAG is included.<\/p>\n<p>The company has also has entered a 15-year lease agreement with cloud-computing firm CoreWeave, through which it supply 133 MW of electricity for artificial intelligence and high-performance computing at its Helios data center in West Texas. Galaxy expects to generate around $4.5 billion in revenue throughout the lease.<\/p>\n<p>The company&#8217;s profit amount to $1.02 per diluted share. <\/p>\n<p>GLXY shares closed 3.54% lower on Thursday.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Galaxy Digital (GLXY), the Mike Novogratz-led digital asset financial services firm, will pay $200 million as a settlement with the New York Attorney General&#8217;s (NYAG) office relating to the collapse of the Terra-Luna ecosystem in 2022. The firm will pay $200 million to the State of New York for matters relating to its investment, trading [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19553","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19553"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19553\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}