TL;DR: The US Securities and Exchange Commission (SEC) announced “settled charges with Bitqyck Inc. and its founders, who allegedly defrauded investors in securities offerings of two digital assets, Bitqy and BitqyM, and operated an unregistered exchange to permit trading in one of them, a digital token called Bitqy.” The arrangement includes an order requiring the exchange “pay disgorgement, prejudgment interest and a civil penalty of $8,375,617.”
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