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U.S. Regulator Wins Order Halting Coin Offering Scheme

Submitted by jhartgen@abi.org on

The U.S. Securities and Exchange Commission said yesterday that it had won an emergency court order halting an alleged fraud involving an initial coin offering that raised as much as $21 million from investors in the U.S. and elsewhere, Reuters reported. The court also approved an emergency asset freeze and the appointment of a receiver for Titanium Blockchain Infrastructure Services Inc, the firm behind the alleged scheme, the SEC said in a statement.