US SEC charges Mango Markets with offering unregistered crypto token

(Reuters) – The U.S. Securities and Exchange Commission on Friday charged cryptocurrency trading platform Mango Markets with unregistered sales of its digital asset token, which the regulator identified as a security.

The SEC also settled charges against Mango Labs and Blockworks Foundation for failing to register as brokers, the agency said.

Jurors in federal court in Manhattan earlier this year convicted a crypto trader of commodities fraud for rigging the Mango Markets exchange and stealing about $110 million from the platform.