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International Business Times
International Business Times
Business
Marvie Basilan

Debt Box Slams SEC 'Double Standard' In Bid To Dismiss Blockchain Project Case

The SEC sued Debt Box in mid-2023 for allegedly attempting to sell unregistered securities. (Credit: Debt Box website)

KEY POINTS

  • Debt Box said the SEC wants to "just walk away from a case" while it doesn't allow defendants to fix their mistakes
  • The SEC sued Debt Box in mid-2023 over its alleged illegal overseas transfer of investors' funds
  • A judge found some of the SEC's presentations in court "false or misleading"

Blockchain project Debt Box on Wednesday moved to block the U.S. Securities and Exchange Commission's (SEC) motion to get its lawsuit against the crypto firm dismissed.

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