US SEC charges Mango Markets with offering unregistered crypto token

Reuters · 09/27 19:08
US SEC charges Mango Markets with offering unregistered crypto token

- The U.S. Securities and Exchange Commission on Friday charged cryptocurrency trading platform Mango Markets with unregistered sales of its digital asset token, which the regulator identified as a security.

The SEC also settled charges against Mango Labs and Blockworks Foundation for failing to register as brokers, the agency said.

Jurors in federal court in Manhattan earlier this year convicted a crypto trader of commodities fraud for rigging the Mango Markets exchange and stealing about $110 million from the platform.


(Reporting by Hannah Lang in New York; editing by Jonathan Oatis)

((Hannah.Lang@thomsonreuters.com;))