(Reuters) – The U.S. Securities and Trade Fee on Friday charged cryptocurrency buying and selling platform Mango Markets with unregistered gross sales of its digital asset token, which the regulator recognized as a safety.
The SEC additionally settled fees in opposition to Mango Labs and Blockworks Basis for failing to register as brokers, the company mentioned.
Jurors in federal courtroom in Manhattan earlier this 12 months convicted a crypto dealer of commodities fraud for rigging the Mango Markets change and stealing about $110 million from the platform.
