The Securities and Exchange Commission obtained a temporary restraining order against a Utah firm doing business as “DEBT Box” after accusing its principals of defrauding investors of at least $49 million in a crypto scheme. 

Brothers Jason and Jacob Anderson, as well as 15 others, raised millions in bitcoin and ether from hundreds of U.S. investors beginning in March 2021 through their company, the SEC said in a statement on Thursday. 

They sold unregistered securities dubbed “node licenses,” which they told investors would generate “crypto asset tokens through crypto mining activity and that revenue-generating businesses in a variety of sectors would drive the value of the various tokens DEBT Box mined,” according to the SEC. 

Investor funds from selling the node …