GSB Group operated several companies, all of which solicited investment for stakes in a Dubai skyscraper and a metaverse, hiring celebs like Floyd Mayweather Jr.
Yieldbot promises mouth-watering profits for investors, but U.S. authorities warned that the dApp works in similar fashion as a Ponzi scheme and has the ability to block users' withdrawals.
Celsius Network claimed that the freeze was in the interest of its customers, but regulators in Texas, Kentucky, New Jersey, and even the Securities and Exchange Commission are not taking their word.
The Flamingo Casino Club has claimed to be linked to a Vegas casino falsely, lied about donating to Ukraine victims, and hid its previous ties to Russia, authorities said.
The states’ securities regulators served cease and desist orders to the sellers of the 12,000 Gambler NFTs who violated securities regulation.
The regulators filed a mix of show cause and cease and desist orders against Voyager, which replied by saying that its products haven’t violated securities laws.
After they took action against BlockFi, three U.S. states have now filed orders seeking to kick Celsius out as the war on digital currency lending continues.