SEC Wins Final Judgment in NanoBit Fraud Case, Orders Over $5M in Penalties on June 16

According to the SEC, the U.S. District Court for the Eastern District of New York rendered a final judgment on June 16, 2026, against four entities and two individuals in the NanoBit fraud case, ordering combined penalties, disgorgement, and interest exceeding $5 million.

The defendants operated a fraudulent scheme since September 2023, impersonating financial professionals via WhatsApp to lure investors into depositing funds on the fake trading platform NanoBit. Over $2 million in investor funds were diverted to Hong Kong bank accounts, and additional cryptocurrency assets were misappropriated. The court also issued a permanent injunction prohibiting the defendants from violating securities laws.