Utah digital asset project Green United duped $18M from investors: SEC
In a lawsuit filed in Utah, securities regulator accuses Green United and its founders of duping investors into buying GREEN token mining machines, yet the tokens didn’t exist.
In a lawsuit filed in Utah, securities regulator accuses Green United and its founders of duping investors into buying GREEN token mining machines, yet the tokens didn’t exist.
The Securities and Exchange Commission and the New York Department of Financial Services had opposed the deal, the latter alleging Voyager had operated an unlicensed and illegal virtual currency business in New York.
Heart’s social media cleanup strongly suggests that he just recently realized that simply repeating that ‘HEX isn’t a security’ isn’t the foolproof immunization strategy he thought it was.
Law enforcement authorities in Singapore are probing Terraform Labs for evidence of fraudulent activity or complicity in the de-pegging of its TerraUSD.
Silvergate has been living on borrowed time since it failed to file its latest financial report with the U.S. Securities and Exchange Commission by the already extended deadline.
The complaint accuses Grayscale and Digital Currency Group of “brazen abuse of their control over nearly $19 billion of digital assets held in two trusts to enrich themselves at the expense of trust shareholders.”
The U.S. securities regulator has obtained an asset freeze, appointed a receiver, and acquired other emergency relief against BKCoin and its founder Kevin Wang whom it accuses of fraud.
Two Republican legislators wrote to the Fed, OCC, and FDIC, criticizing SAB 121 which was released a year ago; they say it places customers at greater risk.
To be classified as a security, the "investment," the "efforts," and the "third party" identified in the Howey test should not be completely unrelated to any interest in the "common enterprise."
Digital asset firms offering unregistered securities remain rampant in the Philippines, forcing the securities watchdog to release another wave of public warnings.
Silvergate notified the U.S. SEC that it wouldn't be filing the annual report on its fiscal health by March 16, insisting it "requires additional time" to fully diagnose its shortcomings.
Voyager Digital announced that most of its creditors had voted in favor of its restructuring plan that will see Binance.US acquire around $1 billion in frozen assets.