Items Tagged with 'AriseBank'

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  • SEC halts $600 million alleged cryptocurrency scam that aimed to revolutionize banking

    AriseBank claimed it was building the world’s first “decentralized bank”
    The Securities and Exchange Commission halted the operations of a company that claimed it raised $600 million in an initial coin offering as part of an effort to “revolutionize banking” using cryptocurrency. The SEC complaint alleges that AriseBank used social media, a celebrity endorsement (from Evander Holyfield, no less), and other tactics to raise hundreds of millions of dollars in just a few months.
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