SEC’s US$600mil crypto case ends with US$2.7mil penalty


NEW YORK: AriseBank claimed to have raised an eye-popping US$600mil at the height of crypto craze, making it a high-profile target when US regulators accused the company of fraud in January.

Almost a year later, the case has ended in a whimper, a reflection of the fact that most of the money never existed.

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Business , Crypto , fine , penalty

   

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