SEC suspends crypto stock that skyrocketed 1,000%

The Securities and Exchange Commission (SEC) has temporarily suspended trading in QMMM Holdings Ltd. after its shares surged by nearly 1,000% in less than three weeks, citing potential manipulation, as per Bloomberg. The price rise came after the digital media company announced a $100 million crypto treasury including Bitcoin, Ethereum, and Solana. On Sept. 9, QMMM announced it was making a “strategic entry into the cryptocurrency sector,” with designs on creating a diversified digital asset treasury (DA ...