🚀 Big news in the DeFi world! The SEC has settled charges with Rari Capital and its co-founders, alleging they operated as an unregistered broker and misled investors. 😱
Rari's Earn and Fuse pools were marketed as high-yield opportunities, but the SEC claims the rebalancing was manual and not as advertised. Many investors ended up losing money due to unaccounted fees.
The co-founders agreed to fines and bans, but didn't admit or deny the allegations. What are your thoughts on this? Share in the comments! 💬 #DeFi #CryptoNews #Blockchain