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SEC Accuses 2 Firms of Crypto Pump-and-Dump Scheme

The complaint alleges the two companies pumped the price of their cryptocurrency by falsely claiming they had acquired $10 billion in gold bullion to back it.

Updated May 11, 2023, 6:14 p.m. Published Sep 30, 2022, 4:21 p.m.
(Chip Somodevilla/Getty Images)
(Chip Somodevilla/Getty Images)