PANews reported on November 30 that according to DL News, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Touzi Capital and its CEO Eng Taing, accusing them of engaging in an unregistered securities issuance fraud of more than $115 million. It is reported that Eng Taing falsely promoted the project as a "stable and predictable" high-yield savings account investment, but in fact these investments were "highly speculative and illiquid". The U.S. Securities and Exchange Commission accused the defendant of misappropriating investor funds for personal purposes and continuing to solicit investors after the business began to collapse. According to the information disclosed in the complaint, from 2021 to early 2023, the defendant raised a total of approximately US$118 million through false advertising of cryptocurrency mining and debt restructuring businesses, including US$95 million for crypto mining projects and US$23 million for debt restructuring projects, involving more than 1,500 investors across the United States.