SEC accused of fraudulent founder of cryptocurrency hedge fund VirgilCapital

2020-12-24 19:08
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According to CoinDesk, on December 24, the United States Securities and Exchange Commission (SEC) sued Stefan Qin, founder of cryptocurrency hedge fund Virgil Capital. The SEC accused Stefan Qin of fraudulent data because he failed to recoup his $ 3.5 million investment and attempted to withdraw $ 1.7 million in principal to repay the loan. The SEC sued the U.S. District Judge over an emergency order to embezzle $ 25 million in digital assets held by another Stefan Qin executive.

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2020-12-24 18:57