Situation
The SEC moved on an emergency basis against a cryptocurrency fund and its co-founder, alleging a Ponzi scheme the agency framed at roughly $100 million in a vehicle that had held around $150 million. Emergency actions of this kind move fast and freeze hard, and they often run alongside a criminal inquiry.
That second front was real here. The U.S. Attorney's Office for the Southern District of Florida was evaluating a potential criminal case, putting Kang in the position of defending parallel exposures at once.
Approach
Alejandro Soto leads the SEC representation while positioning the defense for the possibility of a criminal case, managing the interplay between the regulatory proceeding and the prosecutor's evaluation so that steps taken in one forum do not undercut the other.
Result
The matter is ongoing. The representation reflects the firm's work at the intersection of SEC crypto enforcement and parallel criminal exposure, where the two tracks have to be defended together rather than in isolation.