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Bitcoinist
2023-03-06 23:16:05

$100 Million Crypto Scam: SEC Sues BKCoin For Alleged Fraud

$100 Million Crypto Scam: SEC Sues BKCoin For Alleged Fraud

The Securities and Exchange Commission (SEC) continues its enforcement actions against the crypto industry, filing an emergency action against Miami-based crypto hedge fund BKCoin and its principal Kevin Kang. According to the SEC’s complaint, the hedge fund, launched in 2018 by co-founders Carlos Betancourt and Kevin Kang, raised $100 million from more than 55 investors

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