New York’s attorney general, Letitia James, is asking a court to order NovaTech founders Cynthia and Eddy Petion to pay about $1.37 billion, The Block reports from a court filing. The sum is $1.13 billion in disgorgement plus $232.5 million in prejudgment interest, and it is a request, not an award.
The filing says CoinPayments records show investors deposited about $1.16 billion in crypto into NovaTech’s wallet between August 2019 and May 2023. At least $134.5 million went to wallets tied to the founders, and the filing says Cynthia authorised those transfers.
Very little was traded. NovaTech put $25.99 million into the B2Broker trading platform, and traders lost $18.19 million of it. The state alleges that purported profits and recruitment bonuses were paid out of new investors’ money.
A default judgment was entered in August 2025 after the couple did not respond to the lawsuit James brought in June 2024 against NovaTech and AWS Mining. The attorney general’s office says the Petions have since left the United States. Four promoters have already agreed to pay nearly $6 million and are barred from the securities, commodities and crypto industries.
The fraud allegations are the state’s, drawn from a filing rather than a trial, and the withdrawal figure is a minimum. The new request is more than 200 times what the promoters agreed to pay.
The part to watch is collection. A judgment against two people outside the country is only as good as the assets within reach, and the filing, as reported, does not say what those are.
