According to Wu Blockchain, the U.S. District Court for the Eastern District of New York has issued a default final judgment against NanoBit Limited, Radiant Horizons Limited, Sweet Karma Fashion Inc., Zhao Tropical Deli Inc., Jiajie Liu, and Hua Zhao. The SEC alleges that the defendants carried out a 'pig butchering' investment scam through the fraudulent crypto trading platform NanoBit. They posed as financial professionals in WhatsApp groups to gain investors' trust and lured them into investing in the so-called NanoBit platform, falsely claiming that the affiliated company NanobitUS Securities was an SEC-registered broker-dealer. In reality, the NanoBit platform conducted no legitimate transactions, with over $2 million transferred to Hong Kong bank accounts controlled by the individuals involved, and additional crypto assets worth hundreds of thousands of dollars misappropriated. The court ruled that the defendants violated anti-fraud provisions of U.S. securities laws, issued a permanent injunction against them, and prohibited them from participating in securities issuance, purchase, offering, or sales activities. They were also ordered to pay disgorgement of ill-gotten gains, prejudgment interest, and civil penalties. https://www.(wublock123.com)/news/sec-nanobit-pig-butchering-scam-verdict-over-2m-usd-63683