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New Jersey authorities launch investigation into alleged cryptocurrency scheme endorsed by Musk
The New Jersey Bureau of Securities issued a cease and desist order in connection with a cryptocurrency scheme allegedly endorsed by Elon Musk.
The claims are against a website called TruthGPT, which was removed after the order was issued.
TruthGPT was mining its own crypto-token called TruthGPT Coin, which was promoted by two organizations called "Shark Wall Street" and "Hedge4.ai," named "defendants" in an official Securities and Exchange Bureau document.