A federal judge has warned the Securities and Exchange Commission (SEC) that its attorneys may face sanctions for allegedly making "misleading" arguments about crypto project Debt Box's attempts to transfer its assets and investors' funds overseas. The SEC's actions led to a court freezing the project's bank accounts. The judge stated that the SEC's "misrepresentations" had undermined the integrity of the case's proceedings and caused Debt Box "irreparable harm". The SEC has two weeks to respond to the judge's findings.