SEC Cryptocurrency Crackdown Targets UBI Blockchain

Blockchain Cryptocurrency North America United States

Trading of UBI Blockchain has been temporarily suspended by the Securities Exchange Commission (SEC) due to “questions regarding the accuracy of assertions […] by UBIA in filings with the Commission regarding the company’s business operations; and concerns about recent, unusual and unexplained market activity in the company’s Class A common stock […]”

UBI Blockchain shares, sold for 0,55 USD less than a year ago, traded for up to 115 USD at, up from only 9 USD a few weeks back – all this from a company which has less than 20 employees, more than 6 million USD in debt and just over 15,000 USD in cash reserves.

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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