SEC Suing Crypto Influencer for Promoting Shady Projects

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SEC Suing Crypto Influencer for Promoting Shady Projects
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.DiaryofaMadeMan has been charged with shilling unregistered ICOs

states that Balina conducted his own unregistered securities offering. The regulator is seeking civil penalties, disgorgement, and"other appropriate relief."The 33-year-old Uganda native is a self-proclaimed cryptocurrency and blockchain"evangelist" who boasts a significant social media presence. His YouTube channel has roughly 110,000 subscribers, with the most popular video surpassing 355,000 views.

Balina has long been accused of promoting questionable cryptocurrency projects during the peak of theBack in April 2018, the controversial influencer said that he had lost $2.5 million to a hacker. He suggested that this could be a stunt meant to avoid taxes. Despite his controversial reputation, Balina would make appearances on CNBC and other mainstream media platforms. In a February interview, he predicted that Bitcoin

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