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Monday, May 7, 2018

The NY Attorney General investigating cryptocurrency exchanges resigns following abuse claims from multiple women...

New York Attorney General Eric Schneiderman, who I covered in a report last month following him launching an official inquiry into cryptocurrency exchanges (link) has been hit today with a scandal involving 4 women - causing him to resign his post.

In a statement just released, Schneiderman announced:

"It's been my great honor and privilege to serve as Attorney General for the people of the State of New York. In the last several hours, serious allegations, which I strongly contest, have been made against me. While these allegations are unrelated to my professional conduct or the operations of the office, they will effectively prevent me from leading the office's work at this critical time. I therefore resign my office, effective at the close of business on May 8, 2018."

The women spoke with The New Yorker and went on the record giving interviews stating Schneiderman had "repeatedly hit them during the course of their relationships with him in recent years" and even threatened to kill the women if they left him.

Schneiderman was investigating all the top exchanges and how they operate, including Coinbase, Gemini, bitFlyer, Bitfinex, Bitstamp, Kraken, Bittrex, Poloniex, Binance, Tidex, Gate.io, itBit, and Huobi - requesting information on "Their Operations, Use of Bots, Conflicts of Interest, Outages, and Other Key Issues".

The resignation came following pressure from New York Governor Andrew Cuomo, who stated publicly "for the good of the office, he should resign".

His replacement has not yet been named.

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Author: Ross Davis
San Francisco News Desk