SEC claims Beaxy founder took ICO funds for gambling
Beaxy, related firms, and executives have been sued by the SEC for issuing an unregistered security and failure to register.
Source: protos.com
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Beaxy exchange shutters after SEC presses multiple charges against founder, execs
The U.S. Securities and Exchange Commission announced several charges against cryptocurrency exchange Beaxy and people associated with it.
Source: cointelegraph.com
SEC Charges Crypto Trading Platform Beaxy And Its Executives For Operating An Unregistered Exchange, Broker, And Clearing Agency - Market Makers Separately Charged As Unregistered Dealers
<p><span>The Securities and Exchange Commission today charged the crypto asset trading platform beaxy.com (the Beaxy Platform) and its executives for failing to register as a national securities exchange, broker, and clearing agency. The SEC also charged the founder of the platform, Artak Hamazaspyan, and a company he controlled, Beaxy Digital, Ltd., with raising $8 million in an unregistered offering of the Beaxy token (BXY) and alleged that Hamazaspyan misappropriated at least $900,000 for personal use, including gambling. Finally, the SEC charged market makers operating on the B...
Source: mondovisione.com