AirBit Club Executives Plead Guilty to Fraud Charges in the US After Being Flagged as a Scam by Philippine SEC in 2018
The AirBit Club, a purported cryptocurrency investment platform, has recently been in the news after its executives pleaded guilty to fraud charges in the United States. The charges stem from a 2018 investigation by the Philippine Securities and Exchange Commission (SEC) which flagged the company as a scam.The AirBit Club was founded in 2017 and promised investors high returns on their investments. It claimed to be a legitimate cryptocurrency trading platform and had offices in the Philippines, Thailand, and the United States. However, the SEC investigation revealed that the company