<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDkvMDE5MjI1NmItZTA3My03YzNkLTllY2QtNGM5M2Y3M2M2NjA2.jpg"></p><p>The securities regulator claims the token is undercollateralized and its backing funds are in a risky overseas investment.</p>