The U.S. Securities and Exchange Commission (SEC) has imposed fines and cease-and-desist orders on three parties involved in UpToken, a cryptocurrency securities offering. Up Global, Coinme, and Neil Bergquist, CEO and founder of both companies, were found to have sold securities without registering and without obtaining an exemption from registration. The three parties raised $3.65
Exchanges
Binance CEO Changpeng Zhao has announced that he will prevent crypto entrepreneur Justin Sun from farming SUI tokens with his $56.1 million True USD (TUSD) deposit. This follows Whale Alert’s report on May 1st that Sun had made the deposit, leading to speculations that he was attempting to farm the SUI token through LaunchPool. Binance’s