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SEC charges two companies over $130 million crypto Ponzi-like scheme

SEC charges two companies over $130 million crypto Ponzi-like scheme
AI summary

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.

Narrative history
2 linked stories · 3 outlets · since 29 Oct
  1. 1H AGO
    You’re reading this
    SEC charges two companies over $130 million crypto Ponzi-like scheme
    Bitcoin Magazine · Score 55
  2. 21H AGO
    The Defiant · Score 72 · via $130M, SEC charges
  3. 23H AGO
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