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SEC does not recommend investing in Cryptogix startup

Nov 17, 2022
SEC does not recommend investing in Cryptogix startup
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The SEC, which is responsible for regulating the stock market, has warned users about the risks of investing cryptocurrencies in the Cryptogix project. Experts noted that the creators of the platform used social networks to attract investors. At the same time, promising them a full refund within 3 months after making a deposit. Also, an additional 5% bonus was given for attracting users through a referral link.

The SEC noted that Cryptogix works with investment products and, therefore, must be licensed accordingly. Nowadays, the Cryptogix team is breaking the law because it is not registered with the department.

The Securities Commission has warned individuals who will invest their funds in the illegal Cryptogix platform that they are subject to criminal liability and may even be deprived of their liberty.

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