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News Explorer — SEC Plans to Dismiss Debt Box Lawsuit, but Might Face Sanctions for Misleading Court

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Jan 31, 5:27 am
Unchained Crypto

SEC Plans to Dismiss Debt Box Lawsuit, but Might Face Sanctions for Misleading Court

The SEC plans to file a motion to dismiss its lawsuit against crypto firm Debt Box without prejudice after facing the possibility of sanctions for misleading the court. Last year, the SEC accused Debt Box of orchestrating a $49 million fraudulent scheme and froze its assets. However, the judge later dissolved the order and found that the SEC's lawyers had made false and misleading statements.

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