The US Securities and Exchange Commission (SEC) has secured a victory in its fraud case against NanoBit Limited, nearly two years after accusing the platform of stealing hundreds of thousands of dollars from at least 18 investors between 2023 and 2024. On June 16, the US District Court for the Eastern District of New York entered a final judgment against four entities and two individuals tied to the case. The SEC alleged that NanoBit operators impersonated financial professionals in WhatsApp groups to lure investors into depositing funds, which were then diverted to scheme participants. The court found defendants violated US securities laws and issued permanent injunctions. NanoBit was ordered to pay $1.18 million, plus disgorgement and interest, totaling about $1.8 million. Its affiliates—Radiant Horizons, Sweet Karma, and Zhao Deli—were each fined $1.18 million, while orchestrator Jiajie Liu was ordered to pay around $120,000. This case is part of the SEC's continued crackdown on crypto fraud under the Trump administration.

Key facts

• SEC won fraud suit against NanoBit Limited, accused of stealing from 18 investors.
• Court ordered NanoBit to pay $1.8 million, affiliates fined $1.18 million each.
• Operators impersonated financial pros in WhatsApp groups to lure victims.
• Funds were diverted to scheme participants; investors shown fake dashboard.
• Case highlights SEC's ongoing crackdown on crypto fraud under Trump admin.