back to article US watchdog reckons blockchain bods Longfin were wrongfin, maybe this is their swansongfin

US financial watchdog the SEC has frozen $27m in what it believes are ill-gotten gains generated by a shady cryptocurrency deal. The regulator has accused blockchain tech upstart Longfin Corp and four of its officers of awarding and then selling unregistered shares for their own gain. The group is accused of violating the US …

  1. Anonymous Coward
    Anonymous Coward

    The SEC can't begin to deal with all of the digital crime

    There is so much digital crime that the SEC can't even begin to deal with the mess and the crims are not always the hackers and black hats. Major U.S. and Euro banks have been caught violating all kinds of laws from money laundering to selling worthless mortgages for windfall profit while paying outlandish compensation to executives and CEOs.

    1. Anonymous Coward
      Anonymous Coward

      Re: The SEC can't begin to deal with all of the digital crime

      Yeah good luck getting the SEC budget increased while that year old Cheeto that fell down into your recliner is running the executive branch.

  2. JeffyPoooh
    Pint

    Select Blockchain e-/Bit/Poodle/Jeffy-Coin Cryptocurrency concept

    Copy.

    Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, Paste, ...

    Eventually, everyone will be an e-coin quadrillionaire.

    Fiat currencies - not such a bad concept.

    1. Chronigan

      Re: Select Blockchain e-/Bit/Poodle/Jeffy-Coin Cryptocurrency concept

      All currencies are fiat.

    2. BebopWeBop

      Re: Select Blockchain e-/Bit/Poodle/Jeffy-Coin Cryptocurrency concept

      Posibly you mean that fiat currencies baased on Government (reputable) backed currencies are not a bad idea?

  3. Pascal Monett Silver badge
    Facepalm

    Stupid, stupid, stupid

    To imagine creating shares in view of an impending deal is already clearly a case of insider trading, but to do so using a share type that cannot be sold and not even registering them is literally telling the judge that you wanted to cheat the system. Never mind the fact that all this was created by a guy who was having his own biz bought out in the deal.

    When you point every single clue to yourself, you can't be surprised if you're the one collared.

  4. TimMaher Silver badge

    Swansongfin

    Could have just written “fin”; as in the French.

    I am going to apply to become one of your new strap line bots.

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