The New York Attorney General has secured a court order to officially shut down crypto exchange Coinseed for charges related to defrauding investors.

What Happened: According to a report from Bloomberg, New York Attorney General Letitia James ordered crypto exchange Coinseed Inc to close down operations and pay $3 million in fines.

Amongst a series of other charges, Coinseed had reportedly been converting its customers’ funds into Dogecoin (CRYPTO: DOGE) without their consent.

In June, CoinDesk reported an account of one user who found his crypto portfolio, which was previously spread across a variety of cryptocurrencies, had been converted into Dogecoin overnight.