April 21, 2023
A financial technology company and its former CEO agreed to pay over $2.8 million and to stop selling cryptocurrency in order to settle a U.S. Securities and Exchange Commission lawsuit accusing them of manipulating the price of a digital token known as Hydro.
September 29, 2022
A cryptocurrency trader accused of helping a Miami financial technology firm's CEO inflate the price of its crypto token has agreed to give up more than $41,000 in allegedly ill-gotten gains and interest to settle U.S. Securities and Exchange Commission allegations against him a day after they were filed, according to a court filing Thursday.
September 28, 2022
The U.S. Securities and Exchange Commission filed a lawsuit Wednesday against a Miami-based fintech firm, saying its former CEO and a hired hand helped artificially inflate the price of the company's crypto token by placing fake buy and sell bids for the currency.