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SEC Hits Market Makers With Fraud Charges for Misleading Crypto Investors
12.10.2024
The U.S. Securities and Exchange Commission (SEC) has charged multiple market makers and individuals with manipulating crypto asset markets, alleging they created fake trading activity to mislead retail investors. These schemes, including practices like wash trading, aimed to fabricate the illusion...
SEC Charges Cumberland DRW for Unregistered $2 Billion Crypto Securities Dealings
11.10.2024
The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register...
Curve Finance Proposal Eyes Reducing TUSD Exposure After SEC Settlement
25.9.2024
Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token. TUSD Faces Removal From Curve Finance...
Curve mulls dropping TUSD as crvUSD backing after SEC charges
25.9.2024
The regulator alleged TUSD was 99% backed by a risky offshore fund, raising concerns about using TUSD to back Curve's stablecoin
Curve mulls dropping TUSD as crvUSD backing after SEC charges
25.9.2024
The regulator alleged TUSD was 99% backed by a risky offshore fund, raising concerns about using TUSD to back Curve's stablecoin
Trusttoken, Truecoin Settle SEC Charges Over Misleading TUSD Claims
25.9.2024
The U.S. Securities and Exchange Commission (SEC) announced settled charges against crypto companies Trusttoken Inc. and Truecoin LLC. The charges allege fraudulent misrepresentations and unregistered sales of investment contracts related to the stablecoin trueusd (TUSD). U.S. Securities Regulator...
SEC Charges Defi Platform Rari Capital and Founders
18.9.2024
The U.S. Securities and Exchange Commission (SEC) has announced charges against decentralized finance (defi) platform Rari Capital and its co-founders for misleading investors and operating as unregistered brokers. The settlement involves penalties, injunctions, and bars against the individuals...
DeFi Lending Platform Rari Capital Settles SEC Charges
18.9.2024
The U.S. Securities and Exchange Commission settled charges with decentralized finance lending platform Rari Capital and its co-founders
SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams
17.9.2024
The U.S. Securities and Exchange Commission (SEC) has filed suit against three individuals and five companies for allegedly operating pig butchering scams – a type of confidence-enabled investment scam in which fraudsters befriend victims over text-based social media apps, gain their trust...
Prager Metis to pay $745K to Settle SEC charges over FTX audit misconduct
17.9.2024
The regulator alleges that Prager issued two audit reports for FTX between February 2021 and April 2022 that falsely represented auditing standards.
SEC charges fund adviser Galois Capital for FTX crypto custody
3.9.2024
The fund allegedly lost about half of its assets following FTX's collapse.
SEC charges fund adviser Galois Capital for FTX crypto custody
3.9.2024
The fund allegedly lost about half of its assets following FTX's collapse.
SEC Charges Galois Capital for Crypto Safeguard Failures
3.9.2024
The U.S. Securities and Exchange Commission (SEC) charged Galois Capital Management LLC, a Florida-based crypto-focused advisory firm, with…
SEC Charges Two Brothers for a $60 M Crypto Ponzi Scheme
27.8.2024
US Securities and Exchange Commission (SEC) has charged two brothers for allegedly executing a $60 Million crypto Ponzi…
U.S. SEC Charges Two Brothers in $60M Ponzi Scam Using a Crypto Platform
27.8.2024
The U.S. Securities and Exchange Commission (SEC) has charged brothers Jonathan and Tanner Adam of attempting to defraud more than 80 investors with a $60 million Ponzi scheme involving a crypto asset trading platform, it announced on Monday
Abra to Settle SEC’s Charges for Unregistered Crypto Asset Sales
27.8.2024
Abra has agreed to settle with the U.S. Securities and Exchange Commission over July 2020 allegations that the…
SEC charges siblings over $60M Ponzi touting a crypto trading bot
27.8.2024
The SEC has accused the two brothers of using investor money to fund lavish lifestyles, including the purchase of cars and a multimillion-dollar condominium.
SEC charges siblings over $60M Ponzi touting a crypto trading bot
27.8.2024
The SEC has accused the two brothers of using investor money to fund lavish lifestyles, including the purchase of cars and a multimillion-dollar condominium.
SEC Charges Abra With Unregistered Sales of Crypto Asset Securities
26.8.2024
The U.S. Securities and Exchange Commission (SEC) has filed settled charges against Plutus Lending LLC, operating as Abra, for failing to register the offers and sales of its crypto asset lending product, Abra Earn. The SEC also accused Abra of operating as an unregistered investment company...
SEC Charges Novatech in $650 Million Crypto Fraud Scheme
13.8.2024
The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where most investor funds were misappropriated to...