SEC Obtains Court Order Freezing $27 Million from Longfin Corp.’s (LFIN) Trading Proceeds
Agency’s complaint filed in federal court in New York names founder and CEO, and three other affiliated persons, with violating federal securities laws LFIN voluntarily delisted its Class A common stock from Nasdaq exchange and began trading on the OTC market in May 2018 Company had earlier acquired Ziddu.com, which develops smart contracts on the Ethereum blockchain, with the SEC terming it a ‘purported’ cryptocurrency business A federal court in New York has frozen some $27 million of alleged illegal trading proceeds of stock in Longfin Corp. (OTC: LFIN) following a complaint filed by the SEC alleging that Venkata Meenavalli,…





