The US Federal Agencies have raided The Geek Group, a science and tech company based in Michigan, for doing unauthorized crypto-trading in the state.

Chris Boden, the founder of the company, has made a live public statement about the raid on YouTube. In the video, Boden reported that his office was raided by officials from the US Federal Bureau of Investigation and the Department of Homeland Security on 21 December 2018, for trading cryptocurrencies unauthorisedly. In consequence to which, computers and other equipments were seized by the officials.

The accused has also stated the possibility of facing imprisonment and a fine of up to $100,000. Although the video was deleted from YouTube within a short time of release, Boden has announced over social media that he will not talk about the legal proceedings of the Government.