(Reuters) – The U.S. Securities and Change Fee on Friday charged cryptocurrency buying and selling platform Mango Markets with unregistered gross sales of its digital asset token, which the regulator recognized as a safety.
The SEC additionally settled expenses towards Mango Labs and Blockworks Basis for failing to register as brokers, the company stated.
Jurors in federal court docket in Manhattan earlier this yr convicted a crypto dealer of commodities fraud for rigging the Mango Markets trade and stealing about $110 million from the platform.