US SEC charges Mango Markets with offering unregistered crypto token
09/28/2024 02:18
The U.S. Securities and Exchange Commission on Friday charged cryptocurrency trading platform Mango Markets with unregistered sales of its digital asset token, which the regulator identified as a security. The SEC also settled charges against Mango Labs and Blockworks Foundation for failing to register as brokers, the agency said. Jurors in federal court in Manhattan earlier this year convicted a crypto trader of commodities fraud for rigging the Mango Markets exchange and stealing about $110 million from the platform.
(Reuters) - The U.S. Securities and Exchange Commission on Friday charged cryptocurrency trading platform Mango Markets with unregistered sales of its digital asset token, which the regulator identified as a security.
The SEC also settled charges against Mango Labs and Blockworks Foundation for failing to register as brokers, the agency said.
Jurors in federal court in Manhattan earlier this year convicted a crypto trader of commodities fraud for rigging the Mango Markets exchange and stealing about $110 million from the platform.
(Reporting by Hannah Lang in New York; editing by Jonathan Oatis)