Tagged: ico

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

SEC Versus Kik Interactive to End in $5 Million Penalty

That's All Folks The End Final

The long saga of Kik Interactive’s battle with the Securities and Exchange Commission appears to finally be at an end. A document filed in US District Court today indicates that both sides have come to an agreement on a settlement with a $5 million penalty…. Read More

Former SEC Senior Counsel Comments on Kik Ruling: Kik Could Have Benefited From Traditional Capital Markets Lawyer

This past week, Kik, a company that raised over $100 million in an initial coin offering (ICO), lost a long legal battle with the Securities and Exchange Commission (SEC). The courts determined that Kik had raised capital in an unregistered securities offering thus transgressing securities… Read More

Kik Loses ICO Battle with the SEC

Kik, a company that raised around $100 million in an initial coin offering (ICO), has lost a battle with the Securities and Exchange Commission as it fought a claim the offering was in fact an unregistered security. In a court filing yesterday, Judge Alvin K…. Read More

SEC Commissioner Hester Peirce Comes to the Defense of Unikrn and ICO Settlement

Earlier today, the Securities and Exchange Commission (SEC) announced a settlement with Unikrn, a digital asset issuer that was deemed to have transgressed securities law in the offering of an unregistered security via an initial coin offering (ICO). Unikrn agreed to pay a $6.1 million… Read More

Unikrn Tokens are “Retired” as Company Settles with SEC Regarding Initial Coin Offering

Unikrn, a token issuer that attempted to remain compliant while issuing digital assets, has settled with the Securities and Exchange Commission (SEC) regarding allegations of an unregistered initial coin offering (ICO) of digital securities. Unikrn is an eSports and gaming platform launched in 2014. According… Read More

SEC Charges Film Producer Ryan Felton, Rapper/Actor Clifford Harris and Others for Participation in ICO Fraud

The Securities and Exchange Commission (SEC) has leveled charges pertaining to fraudulent initial coin offerings (ICO) against film producer Ryan S. Felton, rapper and actor Clifford Harris, Jr., or “T.I. or Tip,” and three others who apparently promoted one of Felton’s two unregistered and ICOs…. Read More

An “Investor Revolt” and Legal Dispute Might Further Delay Filecoin (FIL) Launch, Anonymous Investors Claim

An “investor revolt” and legal dispute might further delay the launch of Filecoin, a highly-anticipated cryptocurrency project that broke the all-time record of capital raised via controversial initial coin offerings (ICOs) when it secured $257 million+ by September 2017. (Filecoin’s record was later shattered by… Read More

Cannabis Crypto: Paragon Coin Class Action Lawsuit Poised to Move Forward

Paragon Coin, and its affiliated initial coin offering, is pretty emblematic of the ICO heyday when any token could raise money based largely on a white-paper and effective marketing campaign. While it is hard to accurately discern, Paragon issued the PRG token raising around $12… Read More

SEC Issues Cease & Desist, Remedial Sanctions in Settlement Against Boon.Tech and ICO

The Securities and Exchange Commission (SEC) has announced charges against Boon.Tech and its CEO Rajesh Pavithran alleging fraud and registration violations in connection with a $5 million initial coin offering (ICO). According to the SEC’s order, from November 2017 to January 2018, Boon.Tech raised approximately… Read More

SEC: Final Judgement Received in Alleged Fraudulent Initial Coin Offering by Eran Eyal

The Securities and Exchange Commission (SEC) has obtained a final judgment in an enforcement action against Eran Eyal, the founder and former chief executive officer of UnitedData, Inc., DBA Shopin, for conducting an allegedly fraudulent initial coin offering (ICO). Towards the end of 2019, the… Read More

First Regulated Utility Coin Issued in France, FICO Trades on Zebitex

As was previously announced, FICO or French-ICO has commenced trading on the Toulouse, France based cryptocurrency exchange Zebitex. French-ICO is a primary issuance platform for firms interested in raising capital via a digital asset offering. FICO was the very first initial coin offering (ICO) to… Read More

First French ICO to Receive Regulatory Approval Completes Offering

French ICO, the first initial coin offering (ICO) that received a Visa from the French Autorité des Marchés Financiers (AMF), has completed the offering. According to a public statement, French-ICO collected 574.85 ETH, which was 115% of the soft cap for the FICO tokens. The… Read More

Another ICO Returns Money to Investors as SEC Files Charges Against BitClave for an Unregistered Digital Security Offering

BitClave, a blockchain-based firm that completed an initial coin offering (ICO) for “Consumer Activity Tokens” (CAT) in 2017, has agreed to return investor money, according to the Securities and Exchange Commission (SEC). This is just the latest ICO that has had to backtrack on a… Read More

Another Lawsuit Filed Against Block.one for Allegedly Collecting $200 Million+ in Funds in an Illegal Manner

Investors are reportedly looking to recover funds they had invested in EOS tokens, which they did through the record-breaking $4.1 billion initial coin offering (ICO) conducted by Block.one, the Cayman Islands-registered software developer that created EOS, one of the largest platforms for building decentralized applications… Read More

France: Second AMF Approved Initial Coin Offering is For WPO’s GreenToken – a Tradable Utility Token

France has created a unique regulatory regime for the issuance and trading of digital assets that are utility tokens. Under French law, an initial coin offering (ICO) issuer may apply for a “visa” to offer a utility token. If approved, the issuer may publicly promote… Read More

Send this to a friend