Crypto Firms Claiming Fake Obama Support, Unrealistic Profits Banned By Texas State
Cryptovest
Published Sep 19, 2018 04:59PM ET
Updated Sep 19, 2018 06:01PM ET
Crypto Firms Claiming Fake Obama Support, Unrealistic Profits Banned By Texas State
The Texas State Securities Board (TSSB) has taken administrative actions against three cryptocurrency companies for offering unregistered securities to local investors, the TSSB said in a statement on Tuesday. Moreover, all three firms, DigitalBank (DGBK Ltd.), Coins Miner Investment, and Ultimate Assets, had used various spoofing tactics like lying about an endorsement from former US President Barack Obama, using fake Coinbase email credentials, and claiming high investment returns, the regulator explained.
DigitalBank (DGBK Ltd.), Coins Miner Investment, and Ultimate Asset activities are now banned within the Texas state borders as TSSB issued emergency cease and desist orders against the companies.
DigitalBank is a Belize-based company that was raising funds for a future wallet, called Photon Encrypted Ledger Key. The device will be hack-proof and will allow 100% anonymous and untraceable...
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