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SEC Charges Crypto Advisor For Storing Money At FTX

The U.S. Securities and Exchange Commission has levied another set of charges against Galois Capital – a crypto-focused advisory firm that custodied client assets at FTX. For its actions, Galois agreed to pay a civil penalty of $225,000, which will be distributed to harmed investors of the fund. Charged For Losing Money In FTX Per the SEC’s Tuesday press release, the agency found that Galois failed to ensure that the crypto held by the private fund it was advising was held...

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