MoneyGram faces lawsuit over alleged false statements regarding XRP
Ripple partner MoneyGram is facing a lawsuit alleging the firm issued misleading statements and failed to disclose XRP’s status as an unlicensed security.
Ripple partner MoneyGram is facing a lawsuit alleging the firm issued misleading statements and failed to disclose XRP’s status as an unlicensed security.
The Risk Alert seemed to take particular aim at broker-dealers, who have been “inadequate” in their AML compliance.
“Due to the uncertainty concerning their ongoing litigation with the SEC, the company has suspended trading on Ripple’s platform,” says MoneyGram’s quarterly outlook.
The beverage maker turned Bitcoin mining company has failed to file its financial reports with the SEC.
What started with the unexpected closure of an investment platform may have ramifications for U.S. DeFi projects say critics.
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Coinseed allegedly bilked investors of $1 million through false statements, hidden fees and a flopped token.
The regulator believes new cryptocurrency investors should have a certain level of trading experience and financial reserves.
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