1
The US SEC claimed the company and executive involved in profiting from manipulation of Hydro token.
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The District Court fined Hydrogen to pay a 2.8M USD fine to the agency.
The United States Securities and Exchange Commission (SEC) has reportedly won over a crypto firm in a legal battle with the latter making a settlement with the former. The lawsuit started in September last year with the SEC charging Hydrogen Technology Corporation and former chief executive officer Michael Ross.
The New York District Court brough the judgment on April 20 and ordered the fintech company to pay a fine of 2.8 Million USD to the SEC, in remedies and civil penalties.
The regulator accused the crypto firm for sales of native token Hydro (HYDRO), which was considered as unregistered crypto security. In addition, the charges also include the allegation of initiating a scheme for trading volume and price manipulation of sold securities. This way, Hydrogen made about
We współpracy z: https://www.thecoinrepublic.com/2023/04/24/crypto-firm-hydrogen-tech-to-pay-sec-2-8m-fine-for-token-exploit/
