The SEC lawsuit alleges that Sam Lee, an Australian founder who lives in the United Arab Emirates, and Brenda “Bitcoin Beutee” Chunga, a promoter of the business from Maryland, cheated investors with this “pyramid and Ponzi scheme.” Chunga agreed to settle the SEC accusations, the agency said.
Tether Enters USDT Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts
The surveillance system includes international sanctions compliance and illicit transfer detection that could be associated with activities like terrorist financing,...