SEC claims Beaxy founder took ICO funds for gambling
Beaxy, related firms, and executives have been sued by the SEC for issuing an unregistered security and failure to register.
Cryptocurrency news by Protos · Protos
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
The Securities and Exchange Commission has filed a lawsuit against Beaxy, affiliated entities, and executives for operating an unlicensed securities exchange.
The lawsuit alleges that they engaged in the sale of an unregistered security with exchange token BXY, and also operated Beaxy as an unregistered securities exchange, failing to register as a broker or a clearing agency.
Find out what the rest of the allegations entail and the details behind a $900,000 misappropriation of funds by listening to the article above.
For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com
Hosted on Acast. See acast.com/privacy for more information.