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News Explorer — Crypto Mining Firm DEBT Box Accused of Fraud by SEC

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Aug 3, 4:19 pm
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Crypto Mining Firm DEBT Box Accused of Fraud by SEC

The U.S. Securities and Exchange Commission (SEC) has taken action against Digital Licensing Inc., a crypto mining firm also known as DEBT Box, freezing its assets and obtaining a restraining order. The SEC alleges that the company and its principals engaged in a fraudulent scheme that raised $50 million and undisclosed amounts of Bitcoin and Ethereum. The defendants are accused of lying to investors about their unregistered offering of securities and misappropriating funds for personal expenses.

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