Vortex Issued Temporary Trading Suspension

News • 2020/09/24 • by
remitano

A blockchain firm (Vortex Blockchain Tech) controlled by former staff of Paul Ron (former presidential aspirant) has been temporarily suspended from the country's securities regulatory Commission.

The U.S SEC has announced a temporary ban on the shares of Vortex firm till next month. SEC mentioned that the unclear type of business activities and asset worth of the blockchain firm made them suspend the blockchain firm temporarily.
The blockchain firm has been creating several apps in the crypto community. Their operations include the development of software & hardware for blockchain, crypto wallet, and trading.

The firm, which has not submitted any regular records to SEC, started public trading last month

Last two months, the Chief Executive Officer of the blockchain firm, Bergman Craig, stated that he was secretly producing BTC and other crypto coins to finance its expenditure.
The CEO, who is an ex-staff of Paul Ron, has written and spoken in support of the United States Federal Reserve Bank's cancellation.

Source:Cointelegraph

Comments (1)
Guest
visiblemoney
6 years ago
It is a good decision to make, I support the regulator.

Our newsletter

The latest cryptocurrency market news, technologies, and help resources.