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SEC CRYPTO NEWS: Texas token issuers to pay $8.4 million after defrauding investors

SEC CRYPTO NEWS: Texas token issuers agree to pay $8.4 million after defrauding investors | Micky

Bruce Bise and Sam Mendez are the founders of Bitqyck Inc., which the SEC contends defrauded investors when it sold unregistered securities and operated an unregistered digital asset exchange. The SEC’s complaint notes that the company created and sold two digital assets, Bitqy and BitqyM, to over 13,000 investors, raising over US$13 million [AU$19.3 million] in revenue.