Last Updated: 17 March 2021
The Texas State Securities Board (TSSB) has issued a cease-and-desist order against an allegedly fraudulent scheme posing as the cryptocurrency company Binance. The fraudulent business whose initial name was Delta Crypt Limited has allegedly used the Binance brand to lure investors.
Delta Crypt Limited
In a press release, the Texas Regulator announced that the Securities Commissioner, Travis J. Iles, had entered an emergency order aimed at Delta Crypt Limited.
Before now, Delta Crypt, which is listed with U.K business registrar Companies House, was previously accused by the Philippines securities watchdog of illegally offering securities in April last year.
FxSmart and Binance Assets See Cease-Desist Orders From Texas
Last Updated: 16 March 2021
The Texan Securities watchdog, the Texas State Securities Board (TSSB), has issued out another pair of emergency Cease-and-Desist orders. These orders were issued out against three unregistered FX and crypto investment platforms, and occurred on Monday.
The platforms in question, Digitaly Invest, Delta Crypt Limited, as well as FxSmart-Robots, were all ordered by the watchdog to immediately cease any and all operations. Allegations are abound that these platforms are, in fact, investment fraud schemes operating the age-old double-your-money scams.
Impersonating Binance While They’re At It
The Texas Securities Commissioner had personally flagged Delta Crypt for its unauthorized investment solicitations. Allegations are abound that Delta Crypt is embroiled within a phony crypto scheme, illegally selling investments and promising extremely high returns.