The Securities and Exchange Commission has suspended trading for three companies amid questions regarding the legitimacy of what they claimed were acquisitions of AAA-rated cryptocurrency and blockchain investments. Cherubim Investments Inc. (CHIT) , PDX Partners Inc. (PDXP) and Victura Construction Group Inc. (VICT) each issued separate statements about crypto acquisitions, but regulators are questioning the real value of those assets. The SEC warned investors to be on alert for companies that may publicly announce a cryptocurrency pivot solely to affect their stock prices.
