The SEC in the USA has lost their case against iX Global and DEBT box as the SEC has presented false statements to the judge, with the objective to get a court order to close down iX Global and DEBT Box. The SEC is ordered to:

“The Commission (SEC) is ORDERED to pay Defendants’ and Receiver’s attorneys’ fees and legal costs arising from the TRO and the Receiver. Defendants and Receiver are ORDERED to file within 30 days petitions for fees clearly setting forth their requests in accordance with the court’s guidance in this order.”

In Summary:
Though the Commission had sufficient information to know its representations about account closures were false and misleading at the time it sought the ex parte TRO, Defendants put the Commission on notice of additional facts undermining these statements in their Motions to Dissolve.
For example, the DEBT Box Defendants highlighted, consistent with Zaki’s information, there were no account closures in July 2023 and then provided evidence demonstrating banks—not Defendants—were responsible for the account closures in 2021 and 2022.

Similarly, the iX Global Defendants provide evidence demonstrating the bank, not Defendants, was responsible for the June 2023 account closures the Commission prominently featured in its argument for irreparable harm.
It

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