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Regulation

SEC wins $5.5 million default judgment over alleged fake crypto platform NanoBit

The group built trust via WhatsApp, then misappropriated user funds to Hong Kong bank accounts instead of executing any actual crypto trades.

Originally on CoinDesk →
C

CoinDesk

Contributor

Jun 30, 2026

1 min read

Photo illustration / STKR News

The group built trust via WhatsApp, then misappropriated user funds to Hong Kong bank accounts instead of executing any actual crypto trades.
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