SEC Says Bitwise Industries’ Former CEOs of Misled Investors

The Securities and Exchange Commission said former heads of the Fresno, California-based failed tech startup agreed to settle allegations with the regulator.

• SEC alleges that ex-CEOs mislead investors about company’s finances
• SEC says that company fired its employees in May 2023 after raising $70 million from investors last year
• SEC says that federal prosecutors in California also filed charges

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Ben Bain in Washington at bbain2@bloomberg.net

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