UnitedStates SEC sues Chicago Crypto Capital- Here's why
. These tokens were being sold to unsuspecting investors from August 2018 to September 2019.
Beaxy exchange entered into an agreement with the Chicago Crypto Capital after which the latter began selling BXY tokens to investors. As per the agreement, Chicago Crypto Capital kept three cents for every five cents of tokens sold through it.on each BXY token sold. The investors were told that the capital would be used by Beaxy for its operations, marketing, and other functions but a lot of these funds were used for Amoah’s personal expenses, including travel and dining.
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