Tuesday, December 19, 2017

SEC Halts Crypto Stock Over Manipulation Concerns After 2,700% Jump

Government focus on the crypto world continues to intensify.

The Securities and Exchange Commission has announced the temporary
suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange
Act”), of trading in the securities of The Crypto Company, of Malibu, California at
9:30 a.m. EST on December 19, 2017, and terminating at 11:59 p.m. EST on January 3, 2018.

The Commission temporarily suspended trading in the securities of The Crypto Company
because of concerns regarding the accuracy and adequacy of information in the marketplace
about, among other things, the compensation paid for promotion of the company, and statements
in Commission filings about the plans of the company’s insiders to sell their shares of The
Crypto Company’s common stock. Questions have also arisen concerning potentially
manipulative transactions in the company’s stock in November 2017.

The shares trade on the Pink Sheets under the symbol CRCW and have seen a spectacular climb despite having little in assets or income.

In recent weeks, the stock climbed from under $4.00 to over $600.00. The market cap climbed to over $12 billion.


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