US SEC prices Mango Markets with providing unregistered crypto token

(Reuters) – The U.S. Securities and Alternate Fee on Friday charged cryptocurrency buying and selling platform Mango Markets with unregistered gross sales of its digital asset token, which the regulator recognized as a safety.

The SEC additionally settled prices in opposition to Mango Labs and Blockworks Basis for failing to register as brokers, the company mentioned.

Jurors in federal courtroom in Manhattan earlier this yr convicted a crypto dealer of commodities fraud for rigging the Mango Markets trade and stealing about $110 million from the platform.