Washington State Department of Financial Institutions
04/22/2026 | Press release | Distributed by Public on 04/22/2026 11:26
Zenith Asset Tech Foundation, Cirkor Inc. (full list in Statement of Charges)
Case summary
On April 22, 2026, the Washington State Department of Financial Institutions Division of Securities entered a Statement of Charges (S-24-3882-25-SC01) against Zenith Asset Tech Foundation, Cirkor Inc. (full list in Statement of Charges).
Order details
Order File: S-24-3882-25-SC01
Laws & Rules: RCW 21.20.140, RCW 21.20.040, RCW 21.20.020, RCW 21.20.010
Penalties/Remedies:
- Cease and desist;
- Fines & costs
Allegations
Between 2024 and 2025, the Respondents defrauded at least 38 investors (including 3 Washington residents) out of nearly $9.9 million in a series of cryptocurrency scams, utilizing fake investment education foundations, fake trading platforms, fake AI generated trading signals, and unregistered money transmitters.
The Respondents sold fake securities token offerings, and the Respondents were not registered to sell investments.
The Respondents failed to disclose material information related to the investment, such as the existence and function of the AI bot system, and registration status of the Respondents.
The Respondents have a right to request a hearing on the Statement of Charges.
Full Respondents:
- Zenith Asset Tech Foundation;
- Cirkor Inc.;
- Quantum Prosperity Consortium Tech Foundation;
- Novabit Inc.;
- InnovaTech Foundation;
- EtherGalaxy Inc.;
- Wealthtutor Corp.;
- Lencoin Tech Corp.;
- Dreamadviser Corp.;
- Opacoin Tech Corp.;
- Fortunebuild Foundation;
- Malcoin Tech Corp.;
- XR Lily Trading Inc.;
- Blue Star CZY Trading LLC;
- LPC Wholesales Inc.;
- Innovare Fushion Limited;
- Airio Inte Ltd;
- East Rain Transportation Inc.;
- Junxin Qiao;
- Rong Fa Trade Inc.,
Order file
Washington State Department of Financial Institutions published this content on April 22, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 22, 2026 at 17:27 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]