The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against seven individuals involved in a $14 million cryptocurrency fraud scheme. The defendants allegedly used fake investment platforms, promised inflated returns, and communicated via WhatsApp to lure retail investors. Victims were shown false profits and pressured to purchase non-existent tokens, while their withdrawal requests were blocked and funds were transferred overseas. The SEC is pursuing penalties, asset recovery, and court orders in this case, highlighting its ongoing efforts to combat crypto scams targeting investors.