New York sues CoinEx, says cryptocurrency exchange failed to register with state

NEW YORK (Reuters) - CoinEx was sued on Wednesday by New York Attorney General Letitia James, who accused the cryptocurrency exchange of transacting business without registering with the state.

In a complaint filed with a New York state court in Manhattan, James said CoinEx's activities violated the Martin Act, a powerful state law used to fight financial fraud.

(Reporting by Jonathan Stempel in New York; Editing by Chris Reese)