SEC to Dismiss Debt Box Lawsuit Despite $50M Fraud

The Securities and Exchange Commission of the United States has decided to dismiss the highly contentious Debt Box lawsuit, sparking widespread conversation within the financial ecosystem. Background of the Lawsuit The Debt Box lawsuit was initiated in July 2023 by the SEC, accusing the protocol of defrauding investors of nearly $50 million. In a swift move for enforcement action, the regulator sought emergency relief measures, including a temporary restraining order and asset seizure, which the court promptly granted. Missteps Uncovered However, it was later revealed that the SEC...


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