New York AG Report Faults Crypto Exchanges for Manipulation Risks


The New York Office of the Attorney General (OAG) has released a report on cryptocurrency trading platforms, finding that many are vulnerable to market manipulation and referring several exchanges to another agency for potential violations of state law.

The NYAG’s inquiry was launched in April, seeking voluntary participation from 13 of the world’s most notable trading sites, including Coinbase, Kraken, Bitfinex, Bittrex, and Binance, among others. The process carried forward in spite of the refusal to participate from some exchanges as well as then‐Attorney General Eric Schneiderman’s resignation in May.

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