SEC Targets Crypto Company in Alleged US$650 Million Fraud

SEC’s crypto crackdown: NovaTech Faces US$650 Million Fraud Allegation The Securities and Exchange Commission has charged NovaTech, a cryptocurrency company, along with its co-founders, of running a massive Ponzi scheme that defrauded investors of more than US$650 million fraud. This legal action thus brings into the limelight some of the persisting vulnerabilities characteristic of this... source: https://sfctoday.com/sec-targets-crypto-company-in-alleged-us650-million-fraud/