Recently, the US Securities and Exchange Commission (SEC) announced charges against NovaTech and its leaders and initiators for alleged fraudulent activities in cryptocurrency transactions, involving a sum of $650 million. This case has drawn significant attention from the market, with the SEC emphasizing its commitment to cracking down on illegal financial activities. According to the allegations, NovaTech misled investors during the promotion and sale of its cryptocurrency project, overstating the potential returns of the project and concealing related risks. The SEC stated that it would conduct a thorough investigation into this case, protect the interests of investors, and uphold fairness and integrity in the market.