AriseBank claimed to have raised an eye-popping $600 million at the height of crypto craze, making it a high-profile target when U.S. regulators accused the company of fraud in January. Almost a year later, the case has ended in a whimper, a reflection of the fact that most of the money never existed. Dallas-based AriseBank and its founders agreed to pay about $2.7 million in a settlement with the Securities and Exchange Commission announced Wednesday. The SEC had obtained a court order in January freezing the assets of AriseBank. At the time, the agency accused the company of illegally raising funds through an ... (full story)