The US Securities and Exchange Commission has settled charges against Rari Capital Inc., a “supposed” decentralized finance protocol, and its founders for misleading investors and acting as an unregistered broker for investment platforms that once held more than $1 billion in assets.
Rari Capital offered two investment products, which worked like crypto asset investment funds and let investors deposit tokens into lending pools and earn returns. Investors in the pools received a token representing their interest in the pools and the right to receive profits earned by the pools. Certain investors also received a governance token, called the Rari Governance ...
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