DCG to pay $38m in SEC settlement for misleading investors
Former Genesis CEO Michael Moro has been sanctioned by the U.S. Securities and Exchange Commission as part of a 2023 lawsuit against its parent company, Digital Currency Group Digital Currency Group, a crypto-focused investment conglomerate, has reached a $38 million settlement agreement with the SEC for misleading investors about risks tied to the now-defunct hedge […]
K-pop giant Cube Entertainment’s CEO under fire for misleading crypto investment guarantees
South Korea’s Cube Entertainment is under scrutiny after its CEO, Kang Seung-gon, was accused of allegedly misleading investors into a cryptocurrency investment that resulted in significant financial losses. A coalition of investors has accused Kang of promoting Nestree, a cryptocurrency launched by South Korean blockchain firm Nestree Media Group, as a promising investment with guaranteed […]
