Market
Outcome of next SEC crypto securities fraud case in 2025?
3
Resolution / Starting Odds
Settlement • 25%
Dismissal • 25%
Conviction • 25%
Other • 25%
Court rulings or official announcements from the SEC
Story
DCG and Former Genesis CEO Settle SEC Securities Fraud Charges for $38.5 Million Over Three Arrows Capital Collapse
Jan 17, 2025, 05:23 PM
Digital Currency Group (DCG) and Soichiro 'Michael' Moro, the former CEO of its now-defunct subsidiary Genesis Global Capital, have agreed to pay a combined $38.5 million in civil penalties to settle securities fraud charges brought by the U.S. Securities and Exchange Commission (SEC). The charges are related to their response to the 2022 collapse of crypto hedge fund Three Arrows Capital, which significantly impacted Genesis's financial health. DCG will pay $30 million, while Moro will pay $500,000. Both parties have agreed to a cease-and-desist order without admitting to any wrongdoing. The SEC alleges that DCG and Moro misled investors by downplaying the impact of Three Arrows Capital's default and overstating DCG's support for Genesis, creating a misleadingly positive impression of Genesis's financial condition.
View original story
Similar markets
Appeal rulings • 25%
No response • 25%
Adopt new guidelines • 25%
Settle with affected companies • 25%
Misleading investors • 25%
Unregistered securities • 25%
Other • 25%
Fraud charges • 25%
Some actions dropped • 25%
Increased actions • 25%
No actions dropped • 25%
Most actions dropped • 25%
Increase in settlements • 25%
No change • 25%
Increase in dismissals • 25%
Increase in new lawsuits • 25%
Criminal charges • 25%
Fines or settlements • 25%
No action • 25%
Other regulatory actions • 25%
No significant change • 25%
Shift to rulemaking • 25%
Continued regulation-by-enforcement • 25%
Increased collaboration with crypto companies • 25%
Settled • 25%
Dropped • 25%
Coinbase wins • 25%
SEC wins • 25%
SEC wins - XRP classified as security • 25%
Ripple wins - XRP not classified as security • 25%
Settlement reached • 25%
Case dismissed • 25%
Ruling upheld • 25%
Settlement reached • 25%
Case dismissed • 25%
Reversal of ruling • 25%
Settlement reached • 25%
Case dismissed • 25%
Ongoing into 2026 • 25%
Found guilty • 25%
No Misconduct Found • 25%
Minor Misconduct Found • 25%
Significant Misconduct Found • 25%
Severe Misconduct Found • 25%