SEC charges two companies over $130 million crypto Ponzi-like scheme
The SEC has charged two companies with running a crypto scheme that defrauded investors of more than $130 million, describing it as Ponzi-like. The case adds to the enforcement record against crypto fraud and could weigh on retail confidence in unregulated offerings. Traders should note the size of the alleged losses and the continued regulatory focus on crypto investment schemes.
-
1H AGOYou’re reading thisSEC charges two companies over $130 million crypto Ponzi-like schemeBitcoin Magazine · Score 55
-
21H AGOThe Defiant · Score 72 · via $130M, SEC charges
-
23H AGOSEC · Score 55 · via $130M, SEC charges