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SEC Freezes Assets of Crypto Trading Bot Operators in Alleged Ponzi Scheme

SEC Freezes Assets of Crypto Trading Bot Operators in Alleged Ponzi Scheme


Bitcoin.com
2024-08-28 03:30:56

The U.S. Securities and Exchange Commission (SEC) has frozen the assets of Jonathan and Tanner Adam, alleging they ran a $60 million Ponzi scheme under the guise of a crypto trading bot. Over 80 investors were defrauded by promises of high returns, while the funds were allegedly used for personal luxuries. The SEC seeks injunctions,


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