US SEC settles charges against Rari Capital over misleading investors

09/18/2024

Less than a minute

2024.09.18 15:54

© Reuters. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission is seen at its headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Wednesday it settled charges against decentralized finance platform Rari Capital and its founders over misleading investors and acting as unregistered brokers.

The co-founders were named as Jai Bhavnani, Jack Lipstone, and David Lucid (NASDAQ:). Their platforms at their peak held crypto assets worth more than $1 billion, the SEC said in a statement.

09/18/2024

Less than a minute

Bitcoin (BTC) $ 97,909.23 1.10%

Ethereum (ETH) $ 3,424.05 4.05%

Tether (USDT) $ 1.00 0.07%

Solana (SOL) $ 255.49 0.32%

BNB (BNB) $ 653.68 4.46%

XRP (XRP) $ 1.48 1.58%

Dogecoin (DOGE) $ 0.428273 6.81%

USDC (USDC) $ 1.00 0.05%

Cardano (ADA) $ 1.06 8.20%

Lido Staked Ether (STETH) $ 3,424.06 4.00%

TRON (TRX) $ 0.211981 4.02%

Avalanche (AVAX) $ 41.71 2.32%

the-open-network

Toncoin (TON) $ 6.31 15.19%

Shiba Inu (SHIB) $ 0.000026 3.02%

Stellar (XLM) $ 0.495084 44.09%

Wrapped stETH (WSTETH) $ 4,049.69 3.73%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 97,474.12 1.38%

Polkadot (DOT) $ 8.60 34.33%

Chainlink (LINK) $ 17.57 13.50%

Bitcoin Cash (BCH) $ 504.23 2.92%

WETH (WETH) $ 3,425.71 4.03%

Sui (SUI) $ 3.43 1.08%

Pepe (PEPE) $ 0.000021 1.03%

LEO Token (LEO) $ 8.63 1.32%

NEAR Protocol (NEAR) $ 6.16 7.33%

Litecoin (LTC) $ 98.87 9.16%

Aptos (APT) $ 12.62 4.04%

Uniswap (UNI) $ 10.73 14.16%

Wrapped eETH (WEETH) $ 3,601.74 3.78%

hedera-hashgraph

Hedera (HBAR) $ 0.151772 4.11%

crypto-com-chain

Cronos (CRO) $ 0.200595 5.77%

internet-computer

Internet Computer (ICP) $ 11.37 6.86%

USDS (USDS) $ 1.00 0.82%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.574332 19.49%

Ethereum Classic (ETC) $ 29.77 6.32%

Render (RENDER) $ 7.74 5.96%

Kaspa (KAS) $ 0.154459 2.18%

Bittensor (TAO) $ 519.04 4.89%

Ethena USDe (USDE) $ 1.00 0.06%

Artificial Superintelligence Alliance (FET) $ 1.42 14.80%

Bonk (BONK) $ 0.000048 1.99%

Arbitrum (ARB) $ 0.87274 12.01%

WhiteBIT Coin (WBT) $ 24.77 0.46%

Dai (DAI) $ 1.00 0.04%

VeChain (VET) $ 0.041789 23.25%

MANTRA (OM) $ 3.73 3.98%

Filecoin (FIL) $ 5.52 14.43%

dogwifhat (WIF) $ 3.25 4.01%

Cosmos Hub (ATOM) $ 8.26 12.58%

Celestia (TIA) $ 7.26 33.12%