A federal judge in the US has admonished the Securities and Exchange Commission (SEC) for convincing the court to freeze the assets of a cryptocurrency company for “false and deceptive” reasons.
According to the decision of US District Judge Robert Shelby, the SEC ruled that the cryptocurrency project Debt Box assets and investors’ money abroad about trying to escape “deceptive” may be sanctioned for presenting arguments.
Due to the SEC’s allegations, Debt Box’s bank accounts were frozen by the court.
The judge ruled that the SEC’s “misrepresentations undermined the integrity of the case” and told Debt Box “irreparable damage” He said he gave it.
A federal judge ruled in August that restricted Debt Box’s access to its assets and after proving that he did not smuggle funds out of the US. had removed this restriction.
SEC, selling unregistered securities He filed a lawsuit against Debt Box in July, claiming that Allegedly, Debt Box offers investors mining cryptocurrencies that will gain value He says he does, but these cryptocurrencies they were producing themselves.