The United States Securities and Exchange Commission (SEC) won its lawsuit against Hydrogen Technology Corp, raising $2.8 million in revenue.
Known for suing various companies in the crypto industry of the SEC The lawsuit filed against Hydrogen Technology Corp. has been concluded. In September of last year SEC, to Micheal Ross Kane, former CEO of the company, that Kane’s market maker Moonwalkers Trading Limited, ERC-20 token Hydro ( HYDRO He sued the company and Kane, alleging that he used it to manipulate the volume and price of the . “Price manipulation in assets” was cited as the main element of the lawsuit. The lawsuit against the company and Kane for manipulation planning, SECIt was won by.
SEC Fights Manipulation
Fighting against manipulation movements, the SEC continues its sanctions. Recently won the lawsuit against Hydrogen Technology Corp. The SEC generated $2.8 million in revenue.On April 20, a New York District Court Judge ruled against Hydrogen Technology Corporation and Kane, concluding the case that has been pending since last year.
After the conclusion of the case, the details about the case continue to come. It was stated that Kane agreed to pay an individual fine of approximately $260,000, and the remaining amount consisted of pre-judgment interest. The details of the amount of the case are approx. 1.5 million dollar“ law female from behavior get made earnings “forms. It was stated that other elements amounted to a penalty of approximately 1 million dollars.
