U.S. regulators have cracked down on a large crypto scam that used social media and messaging apps to lure unsuspecting investors. The Securities and Exchange Commission (SEC) has charged seven entities for allegedly running a coordinated scheme that siphoned more than $14 million from retail investors across the United States.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
SEC Uncovers $14M Crypto Scam That Lured Investors Through WhatsApp Groups
U.S. regulators have cracked down on a large crypto scam that used social media and messaging apps to lure unsuspecting investors. The Securities and Exchange Commission (SEC) has charged seven entities for allegedly running a coordinated scheme that siphoned more than $14 million from retail investors across the United States.