U.S. District Court Backs SEC Fraud Complaint against Crypto Firm, Longfin

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Longfin Corp., the now-defunct cryptocurrency firm, has been ordered by the United States District Court for the Southern District of New York to pay $6.8 million to SEC (US Securities and Exchange Commission) for settling charges related to accounting fraud and unregistered ICO. The official announcement from the SEC that came on Monday, states that …

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