The SEC's Fort Worth Office has charged AriseBank and its Dallas executives with fraud, illegally selling unregistered securities and providing misleading information to potential investors – all part of an initial coin offering of its own crypto-currency. U.S. District Chief Judge Barbara Lynn has halted all operations of AriseBank, which claimed to be the world’s first “decentralized bank,” and appointed a receiver to take over the business. The story includes appearances by boxing champ Evander Holyfield and Internet journalist Crypto Connie. The Lawbook has the details . . .
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