The United Securities and Alternate Fee (SEC) has filed an emergency motion to grab the property of Miami-based funding adviser BKCoin Administration LLC and its principal Kevin Kang for his or her connection to a crypto fraud scheme.
In a March 6 press assertion, the monetary regulator stated BKCoin raised round $100 million from 55 traders. SEC added that:
“BKCoin and Kang as a substitute used among the cash to make Ponzi-like funds and for private use.”
The publish SEC information emergency motion towards BKCoin for elevating $100M via crypto fraud appeared first on CryptoSlate.
