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SEC Charges Utah-Based DEBT Box, Other Defendants With $50M Crypto Fraud Scheme

August 3, 2023
in Crypto Updates
Reading Time: 1 min read
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The SEC charged Draper, Utah-based DEBT Field, in addition to the corporate’s 4 principals and 13 different defendants, with working a scheme that started in March 2021 to promote unregistered securities known as “node licenses.” Defendants advised buyers that the licenses would mine cryptocurrency that may enhance in worth, when in actuality, defendants had been creating the crypto instantaneously utilizing code on a blockchain, in accordance with the SEC.

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Tags: 50MBOXchargesCryptoDebtDefendantsFraudSchemeSECUtahBased
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