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The SEC has taken strong action against 18 defendants connected to Digital Licensing Inc., a cryptocurrency mining company based in Utah, amidst the DEBT Box scandal.The SEC has made an emergency move by freezing the assets and securing a restraining order against Digital Licensing Inc., known as DEBT Box, and its four main leaders, along with 13 others involved. They are accused of running a fraudulent scheme that deceived hundreds of U.S. investors, raising around $50 million by selling unregistered securities called “node licenses.”<h3 id="sec-unveils-deceptive-cryptocurrency-scheme-by-debt-box-defendants">SEC Unveils Deceptive Cryptocurrency Scheme by DEBT Box Defendants</h3>DEBT Box and its four main leaders, along with 13 others, are accused by the SEC of deceiving investors with fraudulent “node licenses” promising cryptocurrency mining and potential value growth. However, investigations have <a href="https://cryptosheadlines.com/justin-sun-transfers-4-3-million-worth-of-makerdao-tokens-to-binance-reveals-blockchain-data/" rel="noopener noreferrer nofollow">revealed that the licenses were simply generating cryptocurrency instantly through blockchain</a> code.Tracy S. Combs, Director of the SEC’s Salt Lake Regional Office, condemned the defendants’ false claims about <a href="https://cryptosheadlines.com/eu-study-recommends-default-security-status-for-crypto-assets-and-legal-recognition-for-defi/" rel="noopener noreferrer nofollow">crypto asset</a> mining and their misuse of raised funds for personal luxuries, such as luxury vehicles, homes, and extravagant vacations. <a href="https://cryptosheadlines.com/sec-targets-18-defendants-in-debt-box-scandal/" rel="noopener noreferrer nofollow">Read More...</a> Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>

SEC Targets 18 Defendants in DEBT Box Scandal

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