The SEC has obtained a temporary restraining order against a Utah-based company called "DEBT Box" and its principals, accusing them of defrauding investors of at least $49 million in a crypto scheme. The Anderson brothers and 15 others raised millions in bitcoin and ether from hundreds of US investors by selling unregistered securities called "node licenses" that they claimed would generate crypto asset tokens through mining activity. However, the funds were instead used for personal expenses such as luxury cars and vacations. The SEC has also obtained a temporary asset freeze and other emergency relief, and has previously cracked down on the crypto industry by labeling some cryptocurrencies as securities.
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SEC Obtains Restraining Order Against Utah Firm Accused of Defrauding Investors in $49M Crypto Scheme
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He Yi: Telegram accounts have been maliciously reported and banned. Users should be wary of scams impersonating related accounts
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The Hong Kong Monetary Authority calls on citizens to be vigilant about the use of "banking" behavior by overseas crypto asset institutions that are not licensed banks in Hong Kong
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SlowMist: Suspicious activity related to vETH detected, users remain vigilant
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ZachXBT: Crypto exchange M2 was hacked yesterday and about $13 million was stolen
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SlowMist: The theft of 1.67 million EIGEN tokens originated from an external malicious attack
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Trump pledges to fire SEC Chair Gary Gensler ‘on day one’ if reelected
The Republican candidate laid out a plan for crypto policies should he win in November against prospective Democratic presidential nominee Kamala Harris.
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Cointime June 29th News Express
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The US SEC has returned the S-1 form to the potential Ethereum ETF issuer with a few comments, asking it to fix the problem and resubmit.
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