A United States district court has sanctioned the Securities and Exchange Commission (SEC) for demonstrating “bad faith” in its legal actions against Debt Box, a company accused of operating a $50-million fraudulent cryptocurrency scheme. The court’s decision, articulated by Judge Robert J. Shelby on March 18, highlights the SEC’s misrepresentation of evidence in its August lawsuit to secure a temporary restraining order (TRO) and freeze Debt Box’s assets, alleging that the firm had engaged in fraudulent activities as a provider of software mining licenses.