T3 Financial Crime Unit Freezes $100M Tether in Anti-Money Laundering Operation
The U.S. Securities and Exchange Commission (SEC) recently charged Sun and his family of businesses for allegedly offering unregistered crypto asset securities and engaging in market manipulation in 2023.
According to the SEC, Sun’s companies raised billions of dollars through the sale of digital assets without properly registering them as securities. This failure to register the offerings violates federal securities laws, which are designed to protect investors and ensure transparency in financial markets.
Additionally, the SEC accused Sun of manipulating the markets by spreading false or misleading information to artificially inflate the prices of the securities. This type of fraudulent activity can harm investors and undermine the integrity of the financial markets.
It’s essential for investors to be cautious when investing in digital assets and to do their due diligence before participating in any offerings. By researching the company and its products, investors can better protect themselves from potential fraud and market manipulation.
The SEC’s charges against Sun and his businesses are a reminder of the importance of complying with securities laws and conducting business ethically in the financial industry. Investors should always be on the lookout for red flags and report any suspicious activity to the appropriate authorities.
Overall, it’s crucial for investors to be informed and aware of the risks involved in the cryptocurrency market. By staying vigilant and educated, investors can help protect themselves and promote a more transparent and trustworthy financial system.
