A recent Fortune Magazine report revealed that Dapper Labs, a prominent non-fungible token (NFT) company, was under investigation by the Securities and Exchange Commission (SEC) until September 2023.
The internal agency document obtained by Fortune indicates that the investigation was abruptly closed, leaving many questions unanswered.
Dapper Labs Investigation Terminated By SEC Chief
Per the report, the SEC’s crypto and cyber unit chief, David Hirsch, terminated the “Dapper Labs, Inc.” investigation on September 29. However, the report does not disclose the reasons for the investigation, the duration, or the factors leading to its closure.
Notably, the SEC did not provide the five-page recommendations associated with the report, and a spokesperson declined to comment on the investigation’s existence.
The SEC’s decision to close the Dapper Labs investigation follows settlements with Impact Theory and Stoner Cats, marking the SEC’s initial actions against th
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