{"id":87840,"date":"2023-12-05T09:38:04","date_gmt":"2023-12-05T07:38:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87840"},"modified":"2025-09-13T14:22:13","modified_gmt":"2025-09-13T11:22:13","slug":"u-s-court-rules-sec-misrepresented-information-in-the-debt-box-case","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/u-s-court-rules-sec-misrepresented-information-in-the-debt-box-case\/","title":{"rendered":"U.S. court rules SEC misrepresented information in the DEBT Box case"},"content":{"rendered":"<p>A U.S. federal court <a href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.utd.141167\/gov.uscourts.utd.141167.215.0.pdf\">ruled that<\/a> <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> lawyers misled it in an attempt to freeze the assets of the mining company DEBT Box.<\/p>\n<p>According to the judge, representatives of the agency claimed that the firm had attempted to transfer investors&#8217; funds abroad. However, during the proceedings, DEBT Box showed that it had not moved assets outside the United States and had not closed bank accounts prior to the hearing.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The misrepresentation of information by SEC lawyers undermined the integrity of the proceedings in this case. Moreover, it caused irreparable harm to DEBT Box,&#8221; the judge said.<\/p>\n<\/blockquote>\n<p>The Commission&#8217;s lawyers were asked to respond to the court&#8217;s findings within two weeks; otherwise the agency could face a fine.<\/p>\n<p>Earlier in July, the SEC accused the mining company Digital Licensing, also known as DEBT Box, <a href=\"https:\/\/u1f987.com\/en\/news\/sec-froze-assets-of-digital-licensing-also-known-as-debt-box\">in a fraudulent attempt to raise $50 million<\/a> in cash, as well as undisclosed amounts in Bitcoin and Ethereum.<\/p>\n<p>The agency, on an emergency basis, froze the firm&#8217;s assets and took action against four of its executives and 13 other defendants.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A U.S. federal court found that SEC lawyers misled it in an effort to freeze the assets of the mining company DEBT Box.<\/p>\n","protected":false},"author":1,"featured_media":87841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,128,26],"class_list":["post-87840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-sec","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=87840"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87840\/revisions"}],"predecessor-version":[{"id":87842,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87840\/revisions\/87842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/87841"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=87840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=87840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=87840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}