SEC wins $5.4M judgment in NanoBit crypto fraud case

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CoinDesk - All News 4 hours ago • coindesk.com

SEC wins $5.5 million default judgment over alleged fake crypto platform NanoBit

The group built trust via WhatsApp, then misappropriated user funds to Hong Kong bank accounts instead of executing any actual crypto trades.

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Cointelegraph - News 11 hours ago • cointelegraph.com

SEC wins $5.4M judgment in NanoBit crypto fraud case

The SEC alleged that NanoBit’s crypto trading platform was fake and that hundreds of thousands of dollars in investor funds were misappropriated.

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