U.S. SEC CRACKS DOWN ON AI-THEMED CRYPTO SCAMS, INVESTORS LOSE $14 MILLION
The U.S. Securities and Exchange Commission (SEC) has charged three crypto platforms and four investment firms, alleging they colluded to defraud retail investors of up to $14 million.
According to the complaint, the defendants used social media to lure investors into fake trading activities, while no real transactions actually took place.
#SEC #CRYPTOINDUSTRY #InvestorProtection #BTC
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