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The Latest Breaking News from DEBT Box

The SEC bungled a crypto lawsuit. Then came an alleged kidnapping in Dubai—and questions about $400 million of investors' funds

A police report filed in Utah details a strange development in the infamous Debt Box case, where a judge sanctioned the Gary Gensler-led agency.

Fortune · Jul 23, 2024

SEC's Head Of Crypto Assets Departs, Denies Joining Memecoin Factory Pump.fun

David Hirsch, who left his position as the head of the SEC's crypto assets and cyber unit late last week, was a hot topic in the crypto space over the weekend after Pump.fun said Hirsch is joining the team as its trading chief.

International Business Times · Jun 18, 2024

The SEC backs out of Salt Lake City after disastrous crypto lawsuit results in $1.8 million penalty, citing ‘significant attrition’

After a judge took the rare step of sanctioning the SEC for its actions in the DEBT Box case, the agency closed the regional office that brought the lawsuit.

Fortune · Jun 5, 2024

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SEC To Shut Down Office That Worked On Its Failed Debt Box Case

The SEC has decided to shut down its Salt Lake City office – where top lawyers in the regulator's Debt Box case were based – later in the year after experiencing "significant attrition."

International Business Times · Jun 5, 2024

Judge Orders SEC To Pay $1.8 Million, Dismisses 'Bad Faith' Debt Box Case

Judge Robert Shelby has ordered the SEC to pay majority of the legal fees of defendants in its case against Debt Box, which was at center of scrutiny in the past months over "false or misleading" statements made by some of the Commission's attorneys in court.

International Business Times · May 29, 2024

Lejilex, CFAT Challenge SEC's Authority To Regulate Digital Assets

A new complaint accuses the SEC of "gross regulatory overreach," an allegation that several other crypto industry players have brought to the table since the regulator started filing lawsuits against digital asset firms.

International Business Times · Feb 22, 2024

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

Debt Box on Wednesday filed to block the SEC's motion to have its lawsuit against the blockchain project dismissed following the regulator's admission that it misrepresented some information in the controversial case.

International Business Times · Feb 15, 2024

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GOP Senators Blast SEC For 'Unethical' Handling Of Debt Box Case

Five Republican senators have raised concerns about the SEC's handling of its case against blockchain project Debt Box after the regulator admitted that its counsel made a misrepresentation during a hearing of the case.

International Business Times · Feb 9, 2024

SEC ‘deeply regrets’ errors in crypto case, asks judge to waive sanctions after misleading statements

A judge rebuked SEC attorneys for presenting erroneous facts when securing a restraining order against the crypto firm DEBT Box.

Fortune · Dec 22, 2023

SEC Under Fire As US Judge Threatens Sanctions Over 'Misleading' Claims In Crypto Case

U.S. Chief District Judge Robert Shelby ordered the major Wall Street regulator to explain the statements it made while implementing and maintaining a temporary restraining order (TRO) against the crypto project DEBT Box.

International Business Times · Dec 4, 2023

Judge scolds SEC for apparent deception in crypto case, threatens to sanction agency

The SEC is suing crypto firm DEBT Box for allegedly defrauding investors out of nearly $50 million.

Fortune · Dec 1, 2023

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