BLOOMBERG LAW · 2026-10-29 15:59 UTC

SEC Alleges $200 Million Crypto-Based Commodities Ponzi Scheme

SEC sued DEBT Box operators for allegedly running a $200 million Ponzi scheme involving cryptocurrency investment platform. Blox Lending LLC and Digital Licensing Inc. falsely claimed commodity royalties backed digital tokens and used investor funds to simulate revenue. Over 100,000 investors were affected; defendants allegedly violated Securities Act of 1933 and Securities Exchange Act of 1934.

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