SEC Gets Emergency Asset Freeze and Receiver, Alleging $100M Crypto Scheme

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The Street

By Rob Lenihan The SEC charges that BKCoin Management LLC and one its principals violated antifraud provisions. The Securities and Exchange Commission filed an emergency action against investment advisor BKCoin Management and one of its principals in connection with an alleged $100 million crypto fraud scheme. The SEC said it successfully obtained an asset freeze, appointment of a receiver and other emergency relief against the Miami-based company and Kevin Kang. The SEC’s complaint, filed in U.S. District Court for the Southern District of Florida, alleges that BKCoin and Kang violated the an…

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