Die USA. Wertpapier- und Börsenkommission (SEK) has filed charges against crypto trading platform Beaxy and its executives. zusätzlich, the regulator alleged that the cryptocurrency exchange’s founder raised $8 million in an unregistered crypto token offering and “misappropriated at least $900,000 for personal use, including gambling.”
SEC Charges Crypto Exchange Platform Beaxy
Die USA. Wertpapier- und Börsenkommission (SEK) angekündigt Wednesday that it has filed charges against crypto asset trading platform Beaxy, its founder, and its executives. SEC Chairman Gary Gensler commented:
We allege that Beaxy and its affiliates performed the functions of an exchange, broker, clearing agency, and dealer without registering with the Commission and complying with clear, time-tested rules governing those activities.
Besides alleging that Beaxy and its executives failed to “register as a national securities exchange, broker, and clearing agency,” the securities watchdog said that it has “charged the founder of the platform, Artak Hamazaspyan, and a company he controlled, Beaxy Digital Ltd., with raising $8 million in an unregistered offering of the Beaxy token (BXY).”
The SEC “alleged that Hamazaspyan misappropriated at least $900,000 for personal use, including gambling.” The regulator also “charged market makers operating on the Beaxy Platform as unregistered dealers.”
In its complaint, the SEC claimed that Nicholas Murphy and Randolph Bay Abbot have been operating the Beaxy Platform since October 2019 through their management of Windy Inc. The SEC noted that the pair convinced Hamazaspyan to resign following the BXY offering.
Beaxy Shuts Down
Following the SEC enforcement action, Beaxy announced on its website: “Regrettably, we are announcing the immediate suspension of services on Beaxy Exchange. Due to the uncertain regulatory environment surrounding our business, we have made the difficult decision to cease operations.”
While emphasizing, “We forthrightly committed to cooperation with the Securities and Exchange Commission (SEK) for over two years, continually providing information, Daten, and interviews to assist regulators in whatever manner we could,” the company stressed:
Unfortunately, despite our best efforts, it has become clear that the regulatory environment is just too uncertain to continue operations.
What do you think about the SEC taking action against this crypto exchange, its founder, and its executives? Lass es uns im Kommentarbereich unten wissen.
Bildnachweise: Shutterstock, Pixabay, Wiki-Commons, lev radin
Haftungsausschluss: Dieser Artikel dient nur zu Informationszwecken. Es ist kein direktes Angebot oder Aufforderung zur Abgabe eines Angebots zum Kauf oder Verkauf, oder eine Empfehlung oder Befürwortung von Produkten, Dienstleistungen, oder Firmen. Bitcoin-Tidings.com bietet keine Investition, MwSt, legal, oder Buchhaltungsberatung. Weder das Unternehmen noch der Autor sind dafür verantwortlich, direkt oder indirekt, für alle Schäden oder Verluste, die durch oder in Verbindung mit der Nutzung oder dem Vertrauen auf Inhalte verursacht oder angeblich verursacht wurden, Waren oder Dienstleistungen, die in diesem Artikel erwähnt werden.