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The Daily Hodl 2021-09-03 18:45:08

SEC Charges Global Crypto Lending Platform With $2,000,000,000 Fraud

The U.S. Securities and Exchange Commission is filing charges against the crypto lending platform BitConnect and two of its top executives. The SEC alleges BitConnect defrauded retail investors out of $2 billion by selling unregistered investments in a “lending program,” according to a press release. BitConnect claims they utilized a “volatility software trading bot” to […]The post SEC Charges Global Crypto Lending Platform With $2,000,000,000 Fraud appeared first on The Daily Hodl.

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