Description
The SEC sues two individuals for their involvement in a fraudulent crypto asset pyramid scheme known as HyperFund that raised more than $1.7 billion from investors worldwide.
Legal Significance
Personal liability extends to the fraudulent actions of individuals.
Issues
Status
Complaint Filed
Case No.
1:24-cv-00296
Date Filed
January 29, 2024
Plaintiff
SEC
Defendant
Xue Samuel LeeBrenda Indah Chunga
Court
USDC District of Maryland
Plaintiff Counsel
Gregory BockinJudson Thomas Mihok
Defendant Counsel
Law Offices of Carolyn ElefantLowther Walker LLC
Major Filings
Related Developments
Bowen v. Li (FoundryPro Scam)
Bowen v. Li (FoundryPro Scam)
Settled
Brown v. Dolce & Gabbana USA
Brown v. Dolce & Gabbana USA
Complaint Filed
CFTC v. 1Pool
CFTC v. 1Pool
Settled
CFTC v. Binance
CFTC v. Binance
Settled
CFTC v. Celsius
CFTC v. Celsius
Complaint Filed
CFTC v. Coin Drop Markets
CFTC v. Coin Drop Markets
Settled
CFTC v. Debiex
CFTC v. Debiex
Complaint Filed
CFTC/FTC v. Voyager
CFTC/FTC v. Voyager
Motion to Dismiss
Dufoe v. DraftKings
Dufoe v. DraftKings
Motion to Dismiss
Friel v. Dapper Labs, Inc. (Dapper Labs Class Action)
Friel v. Dapper Labs, Inc. (Dapper Labs Class Action)
Settled
FTC v. Celsius
FTC v. Celsius
Motion to Dismiss
Harper v. O’Neal (Shaq Class Action)
Harper v. O’Neal (Shaq Class Action)
Motion to Dismiss
Hastings v. Nifty Gateway, LLC
Hastings v. Nifty Gateway, LLC
Complaint Filed
Hermés v. MetaBirkins NFT
Hermés v. MetaBirkins NFT
Appeal
Holland v. CryptoZoo
Holland v. CryptoZoo
Motion to Dismiss
Hunichen v. Atonomi LLC (Atonomi Class Action)
Hunichen v. Atonomi LLC (Atonomi Class Action)
Settled
In Re Ripple Labs Inc. Litigation
In Re Ripple Labs Inc. Litigation
Motion to Dismiss
Karnas v. McCarter & English (NBA and McCarter & English Class Action)
Karnas v. McCarter & English (NBA and McCarter & English Class Action)
Complaint Filed
Kent v. PoolTogether
Kent v. PoolTogether
Dismissed
Messieh v. HDR Global Trading Ltd. (BitMEX)
Messieh v. HDR Global Trading Ltd. (BitMEX)
Motion to Dismiss
Moeller-Bertram v. Gemini
Moeller-Bertram v. Gemini
Dismissed
Owen v. Elastos Foundation (Elastos Class Action)
Owen v. Elastos Foundation (Elastos Class Action)
Settled
Patterson v. TerraForm Labs Pte Ltd. (Terra [Luna] Class Action)
Patterson v. TerraForm Labs Pte Ltd. (Terra [Luna] Class Action)
Motion to Dismiss
Real v. Yuga Labs (Yuga Labs Class Action)
Real v. Yuga Labs (Yuga Labs Class Action)
Motion to Dismiss
Risley v. Uniswap Labs (Uniswap Class Action)
Risley v. Uniswap Labs (Uniswap Class Action)
Appeal
Sarcuni vs. bZx DAO (Ooki DAO Class Action)
Sarcuni vs. bZx DAO (Ooki DAO Class Action)
Dismissed
SEC v. 1Pool
SEC v. 1Pool
Settled
SEC v. Arbitrade
SEC v. Arbitrade
Motion to Dismiss
SEC v. BarnBridge DAO
SEC v. BarnBridge DAO
Settled
SEC v. Beaxy
SEC v. Beaxy
Settled
SEC v. Binance
SEC v. Binance
Motion to Dismiss
SEC v. BitConnect
SEC v. BitConnect
Complaint Filed
SEC v. Bitqyck
SEC v. Bitqyck
Settled
SEC v. Bittrex
SEC v. Bittrex
Settled
SEC v. Caroline & Gary Wang (FTX)
SEC v. Caroline & Gary Wang (FTX)
Settled
SEC v. Celsius
SEC v. Celsius
Settled
SEC v. CoinDeal
SEC v. CoinDeal
Settled
SEC v. Coinseed
SEC v. Coinseed
Settled
SEC v. Dragonchain
SEC v. Dragonchain
Complaint Filed
SEC v. Dropil
SEC v. Dropil
Settled
SEC v. Green United
SEC v. Green United
Motion to Dismiss
SEC v. Grybniak et al
SEC v. Grybniak et al
Complaint Filed
SEC v. Impact Theory
SEC v. Impact Theory
Settled
SEC v. Lee (Bitcoin Beautee)
SEC v. Lee (Bitcoin Beautee)
Complaint Filed
SEC v. Meta 1 Coin Trust
SEC v. Meta 1 Coin Trust
Settled
SEC v. Ripple
SEC v. Ripple
Settled
SEC v. SBF
SEC v. SBF
Complaint Filed
SEC v. Sharma et al
SEC v. Sharma et al
Settled
SEC v. Shopin
SEC v. Shopin
Settled
SEC v. SoluTech
SEC v. SoluTech
Cease-and-Desist
SEC v. Sparkster
SEC v. Sparkster
Cease-and-Desist
SEC v. Stoner Cats 2
SEC v. Stoner Cats 2
Settled
SEC v. Thor
SEC v. Thor
Settled
SEC v. Tomahawk
SEC v. Tomahawk
Settled
SEC v. Uulala
SEC v. Uulala
Settled
SEC v. Veritaseu
SEC v. Veritaseu
Settled
Teed v. Chen
Teed v. Chen
Motion to Dismiss
Thomson vs. Persistance Technologies
Thomson vs. Persistance Technologies
Complaint Filed
Underwood v. Coinbase Global Inc.
Underwood v. Coinbase Global Inc.
Settled
USA v. Atcha
USA v. Atcha
Complaint Filed
USA v. Chastain (OpenSea Insider Trading)
USA v. Chastain (OpenSea Insider Trading)
Appeal
USA v. Eisenberg
USA v. Eisenberg
Complaint Filed
USA v. Faiella aka “BTCKing”
USA v. Faiella aka “BTCKing”
Settled
USA v. Kane
USA v. Kane
Appeal
USA v. Michel
USA v. Michel
Settled
USA v. Scotese
USA v. Scotese
Settled
Williams v. Binance
Williams v. Binance
Complaint Filed
Yuga Labs v. Lehman (Yuga Labs Trademark Infringement)
Yuga Labs v. Lehman (Yuga Labs Trademark Infringement)
Settled
Yuga Labs v. Ripps (Yuga Labs Trademark Infringement)
Yuga Labs v. Ripps (Yuga Labs Trademark Infringement)
Settled