{"id":"tp-1948","type":"article-newspaper","title":"‘Diamond-backed’ cryptocurrency Ponzi scheme shut down by US SEC","author":"Charissa Echavez","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/regulation/1948","datePublished":"2019-05-23T07:10:15.000Z","dateModified":"2019-05-23T07:10:15.000Z","language":"en","abstract":"The United States Securities and Exchange Commission (SEC) has stopped an ongoing cryptocurrency Ponzi scheme that embezzled an estimated $30 million, the regulator confirmed in its press release on May 21.","section":"Regulation","references":[{"title":"press release","url":"https://www.sec.gov/news/press-release/2019-72"},{"title":"regulatory guidance","url":"http://tokenpost.com/US-SEC-releases-regulatory-guidance-for-crypto-token-issuers-1594?fbclid=IwAR0VynKs-qXNxUMfzjczNtkVDFWN5r18ahcp3pPzNQfP2oMVABCC1Srt-6o"}]}