The algorithmic cryptocurrency LUNA helped wipe out at least $40 billion in wealth in the Terra crash two years ago, and now it will cost one of the best known crypto firms $200 million through a settlement with the New York Attorney General's office.

Michael Novogratz’s Galaxy Digital Holdings will pay $200 million in penalties over the investment firm’s role in promoting the failed Luna cryptocurrency, as part of a settlement with the New York Attorney General.

Galaxy Digital will pay $200 million as a settlement with the New York Attorney General's office relating to the collapse of the Terra-Luna ecosystem in 2022. Galaxy reported prof