Wusay reports that the U.S. District Court for the Eastern District of New York has issued a final default judgment against NanoBit Limited, Radiant Horizons Limited, Sweet Karma Fashion Inc., Zhao Tropical Deli Inc., Jiajie Liu, and Hua Zhao. The SEC alleged that the defendants operated a "pig butchering" investment scam through the fraudulent crypto asset trading platform NanoBit, impersonating financial professionals to gain investors' trust in WhatsApp groups and inducing them to invest in the so-called NanoBit platform, while falsely claiming that the affiliated company NanobitUS Securities was an SEC-registered broker-dealer. In reality, the NanoBit platform did not conduct any real transactions, with over $2 million in funds transferred to Hong Kong bank accounts controlled by the involved individuals, and hundreds of thousands of dollars in crypto assets misappropriated. The court found the defendants in violation of the anti-fraud provisions of U.S. securities laws, issued permanent injunctions against them, prohibited them from participating in the issuance, purchase, offer, or sale of securities, and ordered them to pay disgorgement of ill-gotten gains, prejudgment interest, and civil penalties.