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The regulator alleges that an initial coin offering (ICO) by Dallas-based AriseBank was part of an elaborate fraud.
In keeping with warnings over cryptocurrency-based investments, the SEC has acted to halt an initial coin offering (ICO) that the regulator alleges is a fraud targeting retail investors that professes to be the world’s first decentralized bank, officials say. The SEC filed a complaint in federal district court in Dallas, Texas on Jan. 25, which...
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