The crypto exchange is facing scrutiny from a task force of ten U.S. state securities regulators after getting sued by the SEC on the same day.
US State Regulators Order ‘Fraudulent’ Crypto Mining Scheme to Shut Down
The Texas State Securities Board and Alabama Securities Commission filed an emergency action against Ultra Mining, alleging it offered unregistered securities by promising to double investments in a cloud mining scheme.
Alabama: The Unlikely Frontline for America’s Crypto Fraud Crackdown
Alabama’s securities agency has lead the way on enforcement against ICO fraudsters, using investigation techniques pioneered chasing gun runners.
Alabama Securities Watchdog Hits 3 ICOs with Cease-and-Desists
The U.S. state of Alabama has issued cease-and-desist orders to three ICOs that were allegedly soliciting residents with unregistered securities.