US SEC prices Mango Markets with providing unregistered crypto token By Reuters


(Reuters) – The U.S. Securities and Change Fee on Friday charged cryptocurrency buying and selling platform Mango Markets with unregistered gross sales of its digital asset token, which the regulator recognized as a safety.

© Reuters. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission is seen at its headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo

The SEC additionally settled prices in opposition to Mango Labs and Blockworks Basis for failing to register as brokers, the company stated.

Jurors in federal court docket in Manhattan earlier this yr convicted a crypto dealer of commodities fraud for rigging the Mango Markets alternate and stealing about $110 million from the platform.



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