SEC quietly investigated and closed case against altcoin FLOW founder Dapper Labs in September

Fortune obtained a document revealing the SEC investigated FLOW's Dapper Labs and closed the case in September. The document didn't reveal any reason for the investigation or its closure. Dapper Labs spokesperson says the company is unaware of the investigation.

It fueled the NFT frenzy of 2021, launching the FLOW token, and its NFT monthly sales skyrocketed to $226 million in February 2021, according to CryptoSlam. Also read:XRP price drops below psychologically important level while Ripple CLO weighs evidence presented by SEC However, Dapper Labs' NFT sales plummeted following the crypto market crash of 2022.

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Cryptocurrencies Price Prediction: SEC, Ethereum & Bitcoin— American Wrap 11 AprilSEC quietly investigated and closed case against altcoin FLOW founder Dapper Labs in September Flow (FLOW) cryptocurrency received attention on Monday after Fortune obtained a document revealing the Securities & Exchange Commission (SEC) closed an investigation on its founding company, Dapper Labs, which is also responsible for developing NBA Top...
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