The SEC alleged that NanoBit’s crypto trading platform was fake and that hundreds of thousands of dollars in investor funds were misappropriated.
Source: [CoinTelegraph](https://cointelegraph.com/news/sec-wins-54m-judgment-in-nanobit-crypto-fraud-case?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)