company

NovaTech

NovaTech is a company that the New York attorney general sued in June 2024 over alleged illegal pyramid schemes. The attorney general's release calls it NovaTechFx.

Key facts

Lawsuit: Sued by the New York attorney general in June 2024, together with AWS Mining, over alleged illegal pyramid schemessource
Deposits: The attorney general says investors deposited over one billion dollars' worth of cryptocurrency with NovaTech from August 2019 through April 2023source
Filing records: The filing alleges records show $1.16 billion in deposits into NovaTech's wallet between August 2019 and May 2023, The Block reportssource

WYDE coverage of NovaTech

WYDE Newsroom has published one article about NovaTech, on Oct 24, 2026. NovaTech is the subject of 1 story. The most recent is New York Attorney General Seeks $1.3 Billion From NovaTech Founders in Crypto Lawsuit.

Crypto & DeFi

New York Attorney General Seeks $1.3 Billion From NovaTech Founders in Crypto Lawsuit

New York Attorney General Letitia James asked a court to order NovaTech founders Cynthia and Eddy Petion to pay $1.3 billion after a default judgment in August 2025.

Oct 24, 2026 · 4 min read · Subject of the story

Reported alongside NovaTech

AWS Mining Pty Ltd · in 1 story with NovaTech
New York Attorney General's Office · in 1 story with NovaTech
Cynthia Petion · in 1 story with NovaTech
Eddy Petion · in 1 story with NovaTech
Frantz Ciceron · in 1 story with NovaTech
James Corbett · in 1 story with NovaTech
Letitia James · in 1 story with NovaTech
Martin Zizi · in 1 story with NovaTech

Sources

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