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SEC Sues Crypto Executive Over Alleged $198 Million Scheme

Decrypt LogoDecrypt13h ago

SEC Sues Crypto Executive Over Alleged $198 Million Scheme - Decrypt

Quick Summary:

The SEC alleged PGI Global sold "membership packages” as unregistered securities amounting to $198 million.

The SEC also claims Palafox transferred assets in anticipation of the scheme’s collapse.

District Court for the Eastern District of Virginia, is the SEC’s first crypto-related enforcement action under new Chair Paul Atkins, who was sworn in just a day earlier.

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SEC Sues Crypto Executive Over Alleged $198 Million Scheme - Decrypt (Picture 1)

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Article Details

Author / Journalist: Vismaya V

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 05:20:13 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 28164836

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About Decrypt

Decrypt Logo

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 6 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 13 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

Publisher Details

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The story "SEC Sues Crypto Executive Over Alleged $198 Million Scheme" has 437 words across 21 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "SEC Sues Crypto Executive Over Alleged $198 Million Scheme" was covered 13 hours ago by Decrypt, a news publisher based in Estonia.

How trustworthy is 'Decrypt' news outlet?

Decrypt is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in Estonia and publishes an average of 6 news stories per day.

It's most recent story was published 13 hours ago.

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  • News ID: #28164836
  • URL: https://chronographically.beamstart.com/news/sec-sues-crypto-executive-over-17453857982004

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