Monday, August 12, 2024

US SEC sues NovaTech over alleged $650 million global crypto fraud

The U.S. SEC has filed a lawsuit against NovaTech and its co-founders for allegedly defrauding investors of over $650 million. The Petions reportedly misled investors about the safety of their funds and used new investments to repay earlier ones. The SEC aims to seek restitution and civil fines.

from Tech-Economic Times
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