Individual Investors Defrauded of $140 Million, U.S. SEC Charges Crypto Companies

On the 22nd, the U.S. Securities and Exchange Commission (SEC) announced charges against seven companies and organizations for allegedly defrauding individual investors of at least $140 million (approximately 22 billion yen). The entities charged include three companies that provided infrastructure deemed to be cryptocurrency trading platforms, and four investment clubs. The SEC claims these entities gained the trust of individual investors and then engaged in investment fraud. The companies providing the cryptocurrency trading platform infrastructure include Morocoin Tech Corp. and Berge Blockchain Technolog...