The SEC probes the Ethereum Foundation, while Binance offers rewards ranging from $100,000 to $5 million for insider trading tip-offs.According to a recent report, an SEC investigation into the Ethereum Foundation could potentially grant the commission regulatory jurisdiction to label the digital asset as a security.Meanwhile, several U.S.-based companies reportedly received requests from the SEC to provide documents and financial records related to dealings with the Ethereum Foundation.
In its lawsuit, the SEC claimed Debt Box perpetrated a $50-million fraudulent cryptocurrency scheme amid its operations as a software mining license provider, alleging that Debt Box had already sent $720,000 overseas and would flee to the United Arab Emirates and secretly transfer more assets with it if it was notified of the order.
After the listing, the trade was flagged, sparking community discussions, with some alleging that this was an insider trade. On March 22, Ether’s price was currently trading around the $3,500 mark, approximately 27% away from its all-time high of $4,891 reached on Nov. 16, 2021, according to CoinMarketCap