The Securities and Exchange Commission (SEC) has filed charges against a former blockchain executive for allegedly defrauding investors in a purported cryptocurrency project. The SEC alleges that the executive, who worked for a company called Global Blockchain Technologies, misled investors about the project’s operations and finances. The executive is accused of raising over $2.8 million from investors, and the SEC is seeking to recover that money for investors.
Source: https://www.coindesk.com/video/do-kwon-disputes-sec-securities-fraud-charges-in-new-filing/.
