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New York Seeks $1.37 Billion from NovaTech Founders Over Investor Funds

23 Oct 2026· CLOM Newsroom· CLOM· 1 min readREGULATION

New York state is seeking $1.37 billion from the founders of NovaTech, who are currently fugitives.

Investigators have traced $134.5 million in investor funds to the founders' crypto wallets, prompting the legal action.

Reporting aggregated and summarized by CLOM — research & education, not financial advice.

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New York Seeks $1.37 Billion from NovaTech Founders Over Investor Funds · CLOM