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Decentralized US finance company becomes first charged by SEC for unregistered securities sales using DeFi technology

( August 6, 2021, 18:08 GMT | Official Statement) -- MLex Summary: The US Securities and Exchange Commission has fined Blockchain Credit Partners, a decentralized finance company, in the commission’s first case against a DeFi company. The Cayman Islands-based company and its two Florida owners, Gregory Keough and Derek Acree, agreed to pay a total of $13 million for allegedly raising $30 million through fraudulent offerings. DeFi technology is a blockchain-based form of finance that doesn’t rely on intermediaries such as brokerages, exchanges or banks See statement below....

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