there is something you guys can do, just send complain on them so SEC will deal with them
The SEC regulates security instruments, like stocks. Some coins are security instruments, because the coin is just a speculative instrument that carries a significant risk of loss of investment.
Some coins, like WTT, are not securities because they have an actual purpose besides being speculative instruments. Therefor, the SEC does not care about WTT, imo. Why? Because anyone buying WTT is led to believe that their purpose is one of two things: 1) to get discounted space at their facility and 2) to rent out to other people for a profit.
#1 is like a Sam's club membership. You pay a fee. You get some credentials (an ID in the case of Sam's, a token in the case of WTT). And you use the credentials for access and discounts.
#2 is like a house. You buy a house and then rent it out to other people for a profit.
Neither of these is considered a "security" because the profit from the investment are not expected to be generated soley through the efforts of the third party. You are actively involved in the use of your token and you play a role in any profit they might make for you.
https://en.wikipedia.org/wiki/SEC_v._W._J._Howey_Co.
https://www.cuttingedgecapital.com/what-is-a-security-and-why-does-it-matter/
So... complain away; poor victim.
but It is not a scam.
