Crypto-CEO Faces US Extradition In Crypto Asset Fraud.
Crypto-CEO Faces US Extradition In Crypto Asset Fraud.
The U.S. Securities and Exchange Commission (SEC) has filed fraud charges against three companies and nine individuals implicated in schemes aimed at manipulating the cryptocurrency market. These schemes were designed to distort the markets for several crypto assets that were offered and sold as securities to retail investors. The accused are said to have misled investors by fabricating the illusion of vibrant trading markets for these assets, enticing them to make purchases based on artificially inflated trading volumes and prices.
The SEC summary highlighted that “This action arises from the defendants’ unregistered and fraudulent offers and sales of crypto assets being offered…
