Tag: Gray Fund

Discord Fund Fantasy: SEC Charges Canadian “defigray” Nathan Gauvin Over $18M Gray Fund Offering and ‘Seed Stock’ NFT Pitch

Enforcement Actions tamir - December 13, 2025

The U.S. SEC has charged Canadian citizen Nathan Gauvin and three affiliated entities—Blackridge, Gray Digital Capital Management USA, and Gray Digital Technologies—over two allegedly fraudulent securities offerings marketed to retail investors through Discord. The SEC alleges more than $18 million was raised, with investor funds misappropriated and performance claims manufactured to keep the scheme alive.

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