The SEC charged John McAfee, a prominent supporter of the ICOs, for promoting investments into various tokens without the disclosure that he was paid to do so. […]
The SEC continues to investigate companies that conducted ICOs in 2017 and 2018. Recently, the SEC brought charges against BitClave PTE Ltd., which had an ICO of the Cat token in the second quarter of 2017. […]
A good victory for the SEC against Veritaseum, Inc., Veritaseum, LLC and Reginals Middleton, their owner, came in a form of the final judgement ordering a payment of nearly $9.5 million. […]
We became aware that the name of law firm Blockchain Law Group and its founder Katrina Arden, who is a licensed attorney, is being used in connection with the false claims of ICO escrow. […]
The SEC filed a complaint against Kik Interactive for a sale of unregistered securities named “Kin” to the U.S. investors for a profit exceeding $55 million dollars. […]
The SEC obtained a court order against Natural Diamonds Investment Co., its founders, and other related parties halting an alleged $30 million Ponzi scheme conducted with the use of fraudulent ICO. […]
The SEC Office of Investor Education and Advocacy issued an investor alert warning the investors against false statements regarding the SEC “approved” issuance of securities. […]
Due to an increased number of fraudulent claims made by various companies that the SEC and CFTC support or endorse their ICOs, both agencies joined the forces to issue a public warning explaining how this is used to mislead the investors. […]
Today the SEC announced that it has obtained a court order halting a planned ICO and an ongoing pre-ICO of Blockvest, LLC and its founder Reginald Buddy Ringgold, III (aka Rasool Abdul Rahim El). […]
The Securities and Exchange Commission charged two men for alleged profiting from illegal sales of stock of a company claiming to have a blockchain-related business. […]
The Securities and Exchange Commission obtained a court order against Titanium Blockchain Infrastructure Services Inc., halting its ICO that raised as much as $21 million from investors in and outside the U.S. for alleged fraud. […]
Today, the SEC made a press release under the above-referenced title and invited public to visit a website HoweyCoin.com to “buy into a hot investment opportunity linked with luxury travel,” by participating in the ICO conducted by the SEC […]
There had been a number of cases when people behind the ICO simply run away with the proceeds and purchasers received no tokens. Using escrow helps to avoid this situation. […]
The growing crypto market is seeing more and more offerings of tokens, often called Initial Token Offerings (ITO), Initial Coin Offerings (ICO) or alike. Many consider this emerging technology unregulated. […]