SEC v. NanoBit Limited, et al. (2026)

Judgment entered

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In June 2026 the SEC reported a default final judgment, entered June 16, 2026, against four entities and two individuals in its NanoBit relationship investment scam case, in which scheme participants posed as finance professionals in WhatsApp groups and steered investors to an allegedly fake crypto trading platform. The judgment enjoins them and orders combined disgorgement of $597,752, interest of $92,146 and penalties of $4,829,004. It is a fraud, not a price manipulation.

The record

What was ordered

Civil penalty

$4.8m

Disgorgement

$598k

Prejudgment interest

$92.1k

Total relief

$5.5m

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced this judgment on June 29, 2026 as litigation release LR-26576, in SEC v. NanoBit Limited, et al., civil action 2:24-cv-06517 in the Eastern District of New York, filed September 17, 2024. The court entered a final judgment by default on June 16, 2026 against NanoBit Limited, Radiant Horizons Limited, Zhao Tropical Deli Inc., Sweet Karma Fashion Inc., Jiajie Liu and Hua Zhao (4 entities, 2 individuals). Earlier versions of this record named only "NanoBit Limited, et al." and stored one entity's penalty. A 2024 record covers the complaint.

The complaint alleged that from at least September 2023 to June 2024 scheme participants posed as financial professionals in WhatsApp groups, falsely said NanoBit's affiliate was an SEC-registered broker, and promoted fake initial coin offerings, when no transactions took place on the platform and investors' money went to participants who wired over $2 million to Hong Kong and misappropriated hundreds of thousands of dollars of crypto assets.

The judgment enjoins the defendants under Securities Act Section 17(a), Exchange Act Section 10(b) and Rule 10b-5. NanoBit owes $532,649 in disgorgement and $81,957 in interest; Liu $60,603 and $9,485; Zhao $4,500 and $704. Penalties are $1,182,251 each against NanoBit, Radiant Horizons, Zhao Deli and Sweet Karma, and $50,000 each against Liu and Zhao. The record stores the totals. The matter is a fraudulent investment scam, so no technique tag applies.

For the regulator's own account of the facts, read the primary document linked above.

Timeline

1. 2026-06-29 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC litigation release
• Final Judgment

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Record added September 10, 2026. submit a correction.