SEC accuses engineer for Baton Rouge’s Game Coin of ‘rug pull’

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Eric Zhu, an out-of-state blockchain engineer, has agreed to pay over $800,000 after the Securities and Exchange Commission accused him of engaging in a scheme to defraud investors in Game Coin, a cryptocurrency asset offered and sold as a security predominantly to investors residing in or around Baton Rouge. Game Coin was launched in 2021

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