The SEC charged Draper, Utah-based DEBT Field, in addition to the corporate’s 4 principals and 13 different defendants, with working a scheme that started in March 2021 to promote unregistered securities referred to as “node licenses.” Defendants instructed traders that the licenses would mine cryptocurrency that may improve in worth, when in actuality, defendants had been creating the crypto instantaneously utilizing code on a blockchain, in accordance with the SEC.
SEC Costs Utah-Based mostly DEBT Field, Different Defendants With $50M Crypto Fraud Scheme
