A Ponzi Unveiled? Controversial Crypto Platform Facing California’s Wrath

The California Department of Financial Protection and Innovation (DFPI) issued a Desist and Refrain Order connected Monday to Trage Technologies Ltd., besides known arsenic Trage Tech, for alleged violations of securities laws. The DFPI claims that Trage Tech, which operates retired of the Marshall Islands and Panama, promoted “Crypto Arbitrage Investment Packages” without due registration. […]