The United Securities and Alternate Fee (SEC) has filed an emergency motion to grab the property of Miami-based funding adviser BKCoin Administration LLC and its principal Kevin Kang for his or her connection to a crypto fraud scheme.
In a March 6 press statement, the monetary regulator stated BKCoin raised round $100 million from 55 traders. SEC added that:
“BKCoin and Kang as an alternative used a few of the cash to make Ponzi-like funds and for private use.”
The publish SEC files emergency action against BKCoin for raising $100M through crypto fraud appeared first on CryptoSlate.
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