Crypto
$15M Lost to Crypto, AI Scams as SEC Takes Action
The U.S. Securities and Exchange Commission has filed two lawsuits against companies that allegedly scammed investors out of $15 million through cryptocurrency trading and AI scams.
The SEC claims that these companies, likely controlled by individuals abroad, have been involved in fraudulent activities involving cryptocurrency trading.
The agency alleges that customers were lured into investing in these schemes with promises of high returns on their investments.
The lawsuits, filed on September 29, 2026, aim to hold the defendants accountable for their actions and to protect investors from similar scams in the future.