{"id":137483,"date":"2024-09-19T11:30:36","date_gmt":"2024-09-19T08:30:36","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137483"},"modified":"2024-09-19T01:15:43","modified_gmt":"2024-09-18T22:15:43","slug":"sec-charges-company-over-1b-crypto-fraud","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/sec-charges-company-over-1b-crypto-fraud\/","title":{"rendered":"SEC Charges Company Over $1B Crypto Fraud"},"content":{"rendered":"<p>The SEC&#8217;s <strong><a href=\"https:\/\/www.sec.gov\/newsroom\/press-releases\/2024-138\">charges<\/a><\/strong> focus on accusations of deceiving investors and operating without proper registration.<\/p>\n<p>At the core of the case are two crypto investment platforms that Rari Capital managed, which at one point controlled more than $1 billion in assets.<\/p>\n<p>These platforms, identified as Earn and Fuse pools, allowed users to invest digital assets and earn returns in the form of tokens. These tokens provided investors with a share of the profits, yet the SEC claims the company offered these investment opportunities without registering them as securities, violating U.S. law.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/former-celsius-ceo-alex-mashinsky-seeks-witnesses-for-upcoming-trial\/\" title=\"Former Celsius CEO Alex Mashinsky Seeks Witnesses for Upcoming Trial\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/alex-mashinsky.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Former Celsius CEO Alex Mashinsky Seeks Witnesses for Upcoming Trial<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Additionally, Rari&#8217;s founders allegedly misrepresented how the Earn pools functioned, promising automatic rebalancing for optimal returns when, in reality, manual adjustments were often required.<\/p>\n<p>Further scrutiny was placed on Rari Capital Infrastructure LLC, the entity that took over operations of the Fuse platform in 2022. According to the SEC, this group was involved in offering unregistered securities and engaging in broker-dealer activities without proper oversight.<\/p>\n<p>The case highlights the SEC&#8217;s ongoing efforts to regulate DeFi platforms that operate outside the bounds of traditional financial regulations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has initiated legal action against Rari Capital, a decentralized finance platform, and its founders.<\/p>\n","protected":false},"author":3,"featured_media":25644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[],"class_list":["post-137483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocrime"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 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