The U.S. Securities and Exchange Commission (SEC) announced on Friday that it has charged cryptocurrency trading platform Mango Markets for the unregistered sale of its digital asset token, which the regulator classifies as a security.
In addition to Mango Markets, the SEC has settled charges against Mango Labs and Blockworks Foundation for not registering as brokers.
Earlier this year, a federal court jury in Manhattan convicted a crypto trader of commodities fraud for manipulating the Mango Markets exchange and stealing approximately $110 million from the platform.
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