STLR Link Roundup – February 25, 2018

SEC Charges Former Bitcoin-Denominated Exchange and Operator with Fraud On February 21, 2018, the Securities and Exchange Commission (“SEC”) filed security fraud charges against BitFunder, a former bitcoin-denominated online platform, and its founder Jon E. Montroll, in violation of Section 10 (b) of the Exchange Act and Rule 10b-5. They were charged with operating an unregistered securities exchange, defrauding the users by misappropriating their funds, and failing to disclose the cyberattack resulting in bitcoins theft. Continue Reading →