SEC Fines Texas-based Crypto Firm

A cryptocurrency start-up headquartered in Texas, Bitqyck has settled the charges on it by the Securities and Exchange Commission (SEC) by paying $8 million as fine. The director of the SEC’s Fort Worth regional office, David Peavler noted, “We allege that the defendants took advantage of investors’ appetite for these investments and fraudulently raised millions of dollars by lying about their business.”

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