SEC sues over alleged $130 million crypto fraud that used its own website

The SEC has filed a complaint alleging that crypto scammers used the agency's own website to lure investors into a $130 million fraud. The regulator is seeking a targeted future filing bar along with monetary relief for the alleged scheme. Traders should note the case as another example of impersonation-based fraud that can erode retail trust in crypto and invite tighter scrutiny of how platforms and public-facing sites are used to solicit investors.