The SEC has resolved allegations against the decentralized finance lending platform Rari Capital and its co-founders, alleging that Rari operated as an unregistered broker-dealer, provided unregistered securities services, and defrauded investors. Thuận did not say that Rari is innocent, but this is another example of the SEC targeting a project with limited resources and Capital, attempting to impose the view that building a platform and sharing profits with customers would equate to securities law violations, which is not the case. That is why Ebay and Shopify are not considered securities. SEC's allegations: Rari provided Earn pools and Fuse pools, "operating as crypto asset investment funds and also selling governance Tokens, which violated securities laws." Rari's co-founders told investors that the Earn pools would automatically balance the portfolio into "the highest yielding opportunities," but in reality, this process was manual, and Rari did not always balance the pools. Rari also had various fees, and ultimately, a significant portion of Earn pool investors lost money. Rari Capital merged with the Fei protocol in 2021 and lost $80 million in a hack a few months later. This was Rari's second hack, after losing $15 million in ETH in early 2021.