Crypto Founder Allegedly Masterminds $16,000,000 ‘Insured’ Coin Offering, Splurges on Luxury Homes and Horse: SEC

US regulators just filed a complaint against a crypto executive who allegedly carried out a $16 million fraudulent securities offering. The U.S. Securities and Exchange Commission (SEC) says that GIBF GP Inc. and Monsoon Blockchain Corporation founder Donald Basile offered investors Simple Agreements for Future Tokens (SAFTs) that would supposedly allow them to receive a crypto […] The post Crypto Founder Allegedly Masterminds $16,000,000 ‘Insured’ Coin Offering, Splurges on Luxury Homes and Horse: SEC appeared first on The Daily Hodl.