Frequently Asked Questions

A federal government agency called the Securities and Exchange Commission (SEC) filed a lawsuit against Digital Licensing Inc.’s (d/b/a “DEBT Box”) and several of its principals, agents, and promoters alleging that they committed fraud by misleading investors into believing that Debt Box’s “node software licenses” would allow investors to “mine” at least eleven separate crypto assets, and that those crypto assets, in turn, were supported by “real projects tied to real assets.” The SEC alleges that these representations are false. The SEC claims that the eleven digital asset tokens purportedly being “mined” by the node software licenses cannot be mined and never were mined. Moreover, the SEC alleges that “real projects” and “real assets” Defendants tout as supporting the value of these tokens are a sham. The SEC filed the action to halt Defendant’s ongoing violations of the federal securities laws, prevent further harm to investors, and to seek disgorgement and civil penalties stemming from Defendants’ wrongdoing, among other remedies. In conjunction with filing the lawsuit, the SEC sought emergency relief to, among other things, freeze certain assets and appoint a Receiver over the operations of DEBT BOX. The court has not issued a final ruling on the matter and the proceedings are ongoing.
The federal court where the SEC filed this lawsuit appointed Josias N. Dewey as the temporary Receiver of DEBT Box. The receiver’s job is to find all the money and other assets that Debt Box, including its principals, agents, and promoters, have and protect those assets from being spent by anyone while this case is going on.
The receiver is trying to identify how much money is left and how much has already been spent by Debt Box, including its principals, agents, and promoters. All money and other assets that the receiver finds will be safeguarded in a secure accounts.
At this time, it is unknown how much each investor will be able to be paid back. At the appropriate time, the Receiver will set up a system for investors to submit claims with how much money they invested. IT IS IMPORTANT THAT YOU SAVE ALL DOCUMENTS, RECEIPTS, AND OTHER PAPERWORK YOU HAVE RELATED TO DEBT BOX.
It is hard to tell at this time, because it depends on many factors including how difficult it is to identify assets and how difficult it is to identify investors. However, it will most likely take more than a year.
All expenses of the receivership are paid out of the assets that the receiver collects. The receiver’s goal is to spend time and money wisely. Payments made to the receiver, his lawyers, and his consultants must be approved by the Court. The fees are based upon the discounted standard hourly rates of all professionals involved. There will also be other operating expenses associated with the receivership and costs associated with recovering and selling the assets.
The best way to reach the receiver is by email at debtboxreceiver@hklaw.com, but can also be reached by phone at 305-349-2134.
The receiver would appreciate any information you have about your investments with Debt Box or any of its affiliates. Please email debtboxreceiver@hklaw.com with your information.
The receiver cannot provide you with legal advice. The receiver is not your lawyer. If you would like to speak to an attorney, you may hire one on your own, but you do not have to.

Additionally, the law firm Holland & Knight LLP is counsel to the receiver and cannot represent any investor, individually, with respect to this SEC action. Neither the receiver nor Holland & Knight will be offering any attorney referrals to investors; therefore, if you wish to engage an attorney, you will need to identify one on your own.