The U.S. Securities and Exchange Commission announced a $5.4 million judgment against NanoBit Ltd and its affiliates on Monday. The judgment was entered by the U.S. District Court for the Eastern District of New York on June 16, concluding that the defendants violated securities laws. The court ordered NanoBit, Radiant Horizons, Sweet Karma, Zhao Deli and orchestrator Jiajie Liu to pay fines, disgorgement and prejudgment interest totaling $5.4 million and to cease any further issuance, purchase or sale of securities. The SEC alleged that operators used WhatsApp groups and a falsified dashboard to persuade investors that their funds were growing, claiming the platform was an SEC‑registered broker and promoting fake initial coin offerings. In reality, the complaint said, no transactions occurred on the platform and more than $2 million was transferred to bank accounts in Hong Kong while hundreds of thousands of dollars in crypto assets were misappropriated. Investors who sought withdrawals were told to pay large fees or were removed from the groups. The ruling follows other SEC enforcement actions, including a $12 million case against a Texas individual and a $16 million case involving Donald Basile and two companies. The SEC has increased its focus on crypto fraud while signaling a shift in its overall regulatory approach.