The U.S. Securities and Exchange Commission has secured a final default judgment in its case against NanoBit Limited and several linked defendants.Â
Summary
- SEC judgment orders NanoBit-linked defendants to pay over $5.5M after alleged WhatsApp investor fraud scheme.
- Regulators said the fake platform used group chats, false broker claims, and fake ICO pitches.
- The case shows fraud enforcement continues even as broader crypto rulemaking moves toward clearer standards.
According to the SEC litigation release, the U.S. District Court for the Eastern District of New York entered the judgment on June 16, nearly two years after the agency filed its complaint.
The court…
