SEC files Suit against Longfin Corp

Blockchain Exchange News

The Securities and Exchange Commission filed a case against Longfin Corp. The company announced to associate with a blockchain startup and experienced a rally in its stock price beyond 2000% and the market capitalization rising beyond $3 million. The SEC alleged that three individuals sold their shares during price shoot up and made $27 million in profits and also issued 2 million unregistered shares.

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