The US SEC accused Mango Markets of providing an unregistered crypto token

(Reuters) – The U.S. Securities and Change Fee on Friday accused cryptocurrency buying and selling platform Mango Markets of unregistered gross sales of its digital asset token, which the regulator designated as a safety.

The SEC additionally settled fees in opposition to Mango Labs and the Blockworks Basis for failing to register as brokers, the company stated.

Jurors in Manhattan federal court docket earlier this 12 months convicted a cryptocurrency dealer of commodities fraud for rigging the Mango Markets trade and stealing about $110 million from the platform.