New York attorneys’ office and SEC accused Coinseed executives of fraud
The New York prosecutor’s office and the SEC are accusing the creators of the automated application for investing in cryptocurrency Coinseed of defrauding investors and violating securities laws. According to a statement from New York Attorney General Letitia James, the creators of the Coinseed app lured $ 1 million from investors through hidden fees, false claims and the issuance of a CSD token, which actually “had no functionality” in the company’s mobile app. The prosecutor’s…
