The alleged misconduct by The Hydrogen occurred from January 2018 to April 2019.
The US Securities and Exchange Commission has filed charges against The Hydrogen and its market maker, Moonwalkersfor, for allegedly engaging in unregistered securities and artificially inflating token’s priceoken.
The agency said the project’s native “Hydro” tokens were initially distributed to investors via airdrops, bounty programs, and as employee compensation. “Companies cannot avoid the federal securities laws by structuring the unregistered offers and sales of their securities as bounties, compensation, or other such methods. As our enforcement action shows, the SEC will enforce the laws that prohibit such unregistered fund-raising schemes in order to protect investors.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
SEC takes aim at crypto project and its 'market maker' over alleged manipulationThe Securities and Exchange Commission is taking aim at a crypto token for alleged market manipulation, as well as its distribution via bounty and airdrop.
Leer más »
Owners of a small deli are charged with fraud for valuing business at $100 million3 men have been charged with fraud for allegedly orchestrating a scheme that inflated the market value of a tiny New Jersey deli to $100 million — despite generating less than $40,000 in annual revenue.
Leer más »
CFTC's Pham calls for new office focused on retail traders, with eye to crypto protectionsA CFTC commissioner is looking to counter criticism of the commission's ability to regulate crypto markets.
Leer más »
Crypto exchange Bitkub targeted by Thai SEC with wash trading claimsThe Thai SEC became the nightmare of local crypto exchange Bitkub. The firm has been accused of market manipulation by wash trading.
Leer más »
First Mover Asia: Bitcoin Tumbles After Crossing $20K in Topsy-Turvy Trading; How Chinese Universities Teach BlockchainBitcoin plunges after taking an early morning ride over $20K, and ether also rises and falls; Chinese students and educators wonder if universities can successfully teach the technology with Chinese characteristics. JPRubin23 and luo_trista report
Leer más »
California regulator accuses 11 of violating securities laws, operating like Ponzi schemesThe regulator issued desist and refrain orders against 11 entities for allegedly violating state securities laws.
Leer más »