Federal regulators have brought a 2024 crypto enforcement case to a close after accusing NanoBit of using social media and messaging apps to draw investors into a fraudulent scheme. The final judgment requires defendants in the case to pay more than $5 million and caps an action the agency had described as its first involving relationship investment scams. The U.S. Securities and Exchange Commission said in a statement on Monday that it has secured a final judgment in its case against NanoBit, ending litigation it filed in September 2024 during the Biden administration. The regulator alleged that from September 2023 ... (full story)