Security· ★★★· bearish·

SEC Charges BG Wealth and DSJ Exchange in $130 Million Crypto Fraud

  • —SEC charged BG Wealth and DSJ Exchange over a $130 million crypto fraud
  • —Investors lost more than $100 million
  • —The firms promised risk-free returns and faked SEC approval documents
Why it matters: The case shows fake claims of SEC approval remain a working tool for crypto fraudsters.
Source: The Defiant
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