US SEC accuses Mango Markets of offering unregistered crypto token Reuters

(Reuters) – The U.S. Securities and Exchange Commission on Friday charged cryptocurrency trading platform Mango Markets with unregistered sales of its digital asset token, which the regulator identified as a security.

The SEC also settled charges against Mango Labs and Blockworks Foundation for failing to register as brokers, the agency said.

Jurors in Manhattan federal court earlier this year convicted a cryptocurrency trader of commodity fraud for defrauding the Mango Markets exchange and stealing about $110 million from the platform.