Regulation▼ Bearish

SEC Charges Two Firms Over $130M Alleged Crypto Ponzi Scheme

TradingGain Newsroom·1h ago·30 Oct 2026, 14:38 UTC

The US SEC has charged two companies with defrauding investors of more than $130 million through a Ponzi-like crypto trading scheme. The case highlights ongoing enforcement against crypto fraud. Traders may see it as a reminder to vet trading platforms and firms carefully.

BTCAt the time of writing, Bitcoin traded at $76,919 (-5.28% in 24h).Live price →

Why it matters

The SEC is actively pursuing crypto-related fraud cases against companies.
The alleged scheme involved over $130 million taken from investors.
Regulatory action like this can add to caution across the crypto market.

What to watch next

Watch for any further SEC filings or court developments in the case against the two companies.

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This brief is written by TradingGain from public reporting by Bitcoin Magazine.Read original ↗

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