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SEC fines Impact Theory over 6 million USD for investor protection

SEC imposes significant penalties on Impact Theory: The U.S. SEC has charged Impact Theory, imposing over 6 million USD in penalties. This ruling highlights the importance of compliance, given that the company raised about 29.9 million USD from investors during a challenging crypto market.

Fair Fund established for defrauded investors: Impact Theory must repay 5.1 million USD to defrauded investors. Additionally, the SEC has created a Fair Fund to ensure all harmed parties receive compensation, reinforcing the agency’s commitment to investor protection.

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