Tagged: ico

SafeMoon, Founder Kyle Nagy and Executives Hit with SEC Enforcement Action, Criminal Charges Regarding Crypto Offering

The Securities and Exchange Commission has charged SafeMoon LLC, founder Kyle Nagy, SafeMoon US LLC, its CEO John Karony, and CTO Thomas Smith, for fraud through the unregistered sale of a crypto asset security. Simultaneously, criminal charges were filed in the US Attorney’s Office for… Read More

Thor Token Issuer, Founders Charged by SEC with Unregistered Security Offering

The Securities and Exchange Commission (SEC) has charged Thor Technologies, Inc., David Chin, and Matthew Moravec with conducting an unregistered securities offering. Chin is a co-founder and CEO of Thor, and Moravec is a co-founder and former CTO. According to the SEC, in 2018, the… Read More

Filecoin Keeps Pushing Forward, Announces CDN Availability for the Masses

AWS competitor Filecoin has announced the availability of its CDN labeled “Filecoin Saturn.” Filecoin, a project from Protocol Labs, harkens back to the initial coin offering (ICO) days when it raised a whopping $200+ million with the assistance of Coinlist. While most coin offerings of… Read More

SEC Files Lawsuit Against Chicago Crypto Capital LLC, Claims Unregistered Securities Offerings

The Securities and Exchange Commission (SEC) is continuing its pursuit of platforms that are issuing digital assets without being registered as securities. In a lawsuit filed today against Chicago Crypto Capital LLC (CCC) and several executives, the SEC alleges the defendants defrauded investors. According to… Read More

SEC Investigating Binance’s BNB Token: Report

The Securities and Exchange Commission (SEC) is investigating the BNB token, issued by the world’s largest crypto exchange Binance. This is according to a report by Bloomberg and should come as no surprise to anyone as the SEC has long messaged their view that just… Read More

SEC Receives Final Judgement Against Centra Tech ICO and Founders

The Securities and Exchange Commission has obtained final judgments on consent against Sohrab “Sam” Sharma, Robert Farkas, and Raymond Trapani in regards to Centra Tech and an initial coin offering (ICO) deemed to be an unregistered security by the SEC. The SEC states that Centra… Read More

With “Looming” Regulatory Enforcement, Compliant NFT Securitization Comes “Front and Center” with GUARDD, Dalmore and PPEX

The US Securities and Exchange Commission (SEC) is watching. It likely will not be long before the first enforcement action against a Non-Fungible Token (NFT) issuer is announced. The 80+ enforcement actions the regulators have taken to date on cryptocurrency, digital assets, and Initial Coin… Read More

ICO Fraud: SEC Charges Crowd Machine, Metavine With Unregistered Sale of Digital Asset Securities

The Securities and Exchange Commission (SEC) has filed charges regarding allegations of a fraudulent initial coin offering (ICO). According to the SEC, Crowd Machine, Inc. and Metavine, Inc., allegedly sold unregistered digital asset securities. The SEC also charged Craig Spoule, an Australian citizen, as orchestrating… Read More

SEC Charges Latvian Citizen Ivars Auzins with $7 Million Crypto Fraud

The Securities and Exchange Commission (SEC) has charged Ivars Auzins, a citizen of Latvia with crypto asset fraud. The SEC states that the defendant also went under the names of Ron Ramsey and Daniel Gaines. According to a statement by the SEC, Auzins allegedly defrauded… Read More

Lendingblock Unveils New Boost Tier Requirements, Bronze Starts at 413,095 LND

Digital asset lending infrastructure developer Lendingblock this week released new requirements for their LND Boost tiers. They are effective Dec. 1. Boost tiers are staking devices that come with rewards, with greater benefits coming with the higher levels. They include higher earned interest rates and… Read More

SEC Charges Another ICO Issuer in Claim of Illegal Securities Offering

The Securities and Exchange Commission (SEC) has filed charges once again targeting an initial coin offering alleging the act was an unregistered security offering. According to the SEC, Rivetz Corp., Rivetz International SEZC, and Steven K. Sprague, the President of Rivetz and CEO of Rivetz… Read More

SEC is Suing Bitconnect Founder for $2 Billion Fraud [u]

Remember Bitconnect? If you do, well, it was fun while it lasted. If you need a reminder,  just watch this video below. https://www.youtube.com/watch?v=lCcwn6bGUtU BitConnect is emblematic of the pomposity and absolutely ridiculous heyday of the initial coin offering boom and ensuing bust. The whole thing… Read More

SEC Settles Charges Against Coinschedule.com Owner

The Securities and Exchange Commission (SEC) has settled charges against UK company Blotics, the operator of Coinschedule.com, a site that promoted digital securities offerings. Blotics was determined to have violated the anti-touting provisions of the federal securities laws by failing to disclose the compensation it… Read More

SEC Hits LOCI, CEO, With ICO Punishment

The Securities and Exchange Commission has settled charges against a software provider and its CEO for misleading investors about an unregistered offer and sale of digital asset securities. Loci, Inc. and its CEO John Wise allegedly violated the antifraud provisions of Section 10(b) of the… Read More

Crypto Advocate John McAfee Indicted for Fraud and Money Laundering. McAfee Allegedly Engaged in Crypto Pump and Dump Scams

John David McAfee, a well-known crypto proponent and founder of the McAfee antivirus firm, has been indicted in Federal court for fraud and money laundering. According to the United States Attorney’s Office for the Southern District of New York, McAfee and Jimmy Gale Watson, Jr,… Read More

ShipChain to Settle with the SEC Following $27.5 Million ICO of SHIP Tokens

The Securities and Exchange Commission (SEC) has accepted an offer to settle from ShipChain, a company that apparently raised $27.5 million in an initial coin offering (ICO) for SHIP tokens. The SEC states that ShipChain is a private company that was engaged in developing a… Read More

Court Orders Blockvest to Pay $696K Penalty for Unregistered Securities Offering in ICO

The United States District Court, Southern District of California, has filed a final judgment against Blockvest LLC and founder Reginald Buddy Ringgold. The order requires the defendants to pay a civil penalty of $332,370.99 along with a disgorgement of ill-gotten gains of $363,726.91 – including… Read More

SEC Charges Amir Bruno Elmaani, aka Bruno Block, for Unregistered ICO in Sale of Pearl Tokens

The Securities and Exchange Commission (SEC) has charged Amir Bruno Elmaani, aka “Bruno Block,” for conducting an illegal securities offering in an initial coin offering (ICO) and for a plan to profit by issuing millions of unauthorized tokens for himself at no cost and selling… Read More

Australia: Former Bitconnect Promoter John Bigatton Charged Following ASIC Investigation

Bitconnect, a legendary crypto scam that was exemplified by a viral video, has emerged once again as the Australian Securities and Investment Commission (ASIC) has announced charges against Bitconnect promoter John Bigatton following a long investigation. From August 2017 to January 2018, Bigatton was said… Read More

Where Did Kik Go Wrong? Former SEC Attorney Discusses Kik Settlement with SEC

    Recently, Kik settled a long legal battle with the Securities and Exchange Commission (SEC). In the end, Kik must pay a $5 million settlement pertaining to an initial coin offering (ICO) that was deemed to be an unregistered security offering. Additionally, for the… Read More

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