NovaTechFX Crypto Scam: Where Did Investors' Money Go?
According to the New York Attorney General, investors deposited more than $1 billion in cryptocurrency with NovaTech from August 2019 to April 2023, but less than $26 million was ever traded on its platform. NovaTech collapsed in May 2023 and tens of thousands of investors could not withdraw. The AG describes it as a pyramid scheme that paid recruitment bonuses.
What to do now
- Keep deposit transaction IDs, wallet addresses, account screenshots and withdrawal requests.
- File a complaint with the NY AG (ag.ny.gov/file-complaint, 1-800-771-7755).
Who owns the resolution
New York AG and the court in the AG’s lawsuit.
Evidence to prepare
- Your account email or user ID
- Screenshots or a confirmation number for the specific order/booking/transaction
- Any messages you already exchanged with support about this
Turn this answer into a question about your case
Give another AI the facts it needs—not just “what should I do?”
I need practical help with a NovaTechFX (crypto fraud case) issue. The policy question: NovaTechFX Crypto Scam: Where Did Investors' Money Go? Useful context I found: According to the New York Attorney General, investors deposited more than $1 billion in cryptocurrency with NovaTech from August 2019 to April 2023, but less than $26 million was ever traded on its platform. NovaTech collapsed in May 2023 and tens of thousands of investors could not withdraw. The AG describes it as a pyramid scheme that paid recruitment bonuses. My specific situation: [Describe what happened, including dates and messages shown] The outcome I want: [Refund, verification, appeal, account recovery, explanation, etc.] Important constraints: [Country, deadline, booking/account status, documents already submitted, budget, or other limits] Please: 1. Identify any missing facts you need before reaching a conclusion. 2. Separate platform policy, local law, and your own inference. 3. Give me the safest next steps in priority order. 4. Use current official sources where possible and flag anything that may have changed. 5. Draft a concise message I can paste to customer support. 6. Do not invent account access, guarantees, refund rights, or legal conclusions.
Why this policy exists
The AG release (Oct 22, 2026) says NovaTech advertised trading profits of about 2–4% per week, falsely claimed to be a registered hedge fund broker licensed to trade crypto in the US, promised withdrawals at any time, and paid bonuses for recruiting new investors.
Its promoters had earlier run AWS Mining, which promised 15–20% monthly returns and collapsed in 2019. The scheme targeted immigrant and religious communities, particularly Haitian New Yorkers, through prayer groups, social media and WhatsApp.
- Attorney General James Secures Nearly $6 Million from Crypto Scammers (Oct 22, 2026) — New York State Attorney General
Last verified against the sources above on 2026-10-23. Policy and deadlines can change -- use the official support link below for the current rule.
Need to act on your account?
AMS explains the rule but cannot access your account, issue a refund or change a platform decision.