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CEO of Crypto Firm Longfin to Pay $400K in Settlement with SEC
An update from the courtroom shows that Venkata S. Meenavalli, the CEO of the embattled crypto firm Longfin, has finally yielded to paying a disgorgement fine of $400,000. The case filed against the supposed cryptocurrency firm last year by the SEC at the US district court for the southern district of New York alleged that Longfin Corp. and its acting chief executive officer misinterpreted their finances and lied to obtain a listing on the Nasdaq….
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