American Securities and Exchange Commission SEChas added a new one to the crypto startups it has sued. Institution, “Trade Coin Club” He applied to the court, claiming that the organization called the ponzi scheme was a big ponzi scheme.
According to the SEC statement, Trade Coin Club has more than 82,000 users between 2016 and 2018. bitcoin made the purchase. The current value of BTCs in the hands of the ponzi scheme, which spends more than $ 295 million for purchases, is more than $ 1 billion.
According to the report, more than 100,000 American citizens became members of the ponzi scheme and transferred their savings. Trade Coin Club, on the other hand, guaranteed its investors at least 0.35% daily income. According to the company’s statement, the project works thanks to a trading bot that makes microtransactions.
However, the SEC found that former investor payments were not made with earnings, but with money from people who later joined the system. The institution is asking Trade Coin Club founder Douver Torres Braga and some of the advertisers of the system to refund citizens their money.
Crypto Ventures in the US Under Focus
Apart from rising inflation, cryptocurrencies, stablecoins and digital money do not fall off the agenda in the USA. According to the latest news, it was suspended last year. Binance investigation has come down from the dusty shelves again. Ripple The lawsuit between the SEC and the SEC is still ongoing.
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