October 1, 2022

Ethereum Reader

The beginning of a great day begins a night before.

SEC claims first enforcement action in $30M fraud case involving DeFi project

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvYzNmMzYyZjEtZGJkZi00NjllLWE3MGMtMGYzN2QzMGY0ZWI3LmpwZw==.jpg"></p><p>"The labeling of the offering as decentralized and the securities as governance tokens did not hinder us from ensuring that DeFi Money Market was immediately shut down and that investors were paid back," said the SEC.</p>

“The labeling of the offering as decentralized and the securities as governance tokens did not hinder us from ensuring that DeFi Money Market was immediately shut down and that investors were paid back,” said the SEC.