Crypto Platform Coinseed Ordered Shut in Win for N.Y.’s James

New York authorities won a court order shuttering a tiny cryptocurrency trading platform the state accused of illegally selling securities and improperly acting as a broker-dealer before sinking all its investors’ funds into Dogecoin.

The order against Coinseed Inc. and founder Delgerdalai Davaasambuu “permanently halts their illegal and fraudulent operations,” New York Attorney General Letitia James said Monday in a statement. A permanent receiver will also be appointed to protect investors’ funds and take control of the platform’s website, James said.