Over the past couple of months, the SEC has gone all-in on crypto platforms, filing lawsuit after lawsuit to varying degrees of success.
The defendants in these lawsuits range from major league players such as Binance, Coinbase, and Gemini to small fry such as Titan, who have been accused of fudging their numbers, failing to comply with industry standards and more.
Misleading Investors
According to a press release published by the SEC, Titan Global Capital Management USA LLC engaged in misleading behavior from August 2021 to October 2022. For starters, Titan advertised a hypothetical performance of their services leading to annualized gains as high as 2,700%.
The SEC claims this figure was based on performances recorded over three weeks – which could have easily been based on pumping a single shitcoin to the moon. This misrepresentation could have easily induced less experienced traders to believe that this was a sustainable endeavor.
Furthermore, the SEC accused Titan – whose inve
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