SEC and Kik propose $5M settlement to end ICO feud
If approved by the court, the settlement will “permanently enjoin Kik from committing future violations of the Securities Act of 1933” and require Kik to pay a penalty of $5 million.
Latest ICO News
John McAfee arrested in Spain, charged with tax evasion and making false statements
Digital asset industry identity John McAfee has been arrested in Spain and charged with tax evasion.
SEC wins summary judgment against Kik ICO
Judge Alvin Hellerstein ruled in favor of the SEC and against Kik’s $100 million ICO, finding that the token sale was in fact an unregistered digital token offer.
Morris Coin founder arrested in India over alleged digital currency scam
A 36-year-old man in Kerala has been charged with offences under the Prize Chits and Money Circulation Schemes (Banning) Act.
SEC settles fraud charges against $2.4M SoluTech ICO scam
SoluTech was founded in September 2017 by Nathan Pitruzzello while he was still a student at the University of New Haven.
Stripe pays Massachusetts $120K for its role in $15M PlexCoin scam
Stripe is accused of processing payments for 22 Massachusetts residents who allegedly invested in ICO scam PlexCoin.
Unikrn settles with SEC over its 2017 ICO
The U.S. securities regulator has reached a settlement with Seattle-based Unikrn Inc. over allegation it violated securities laws during the 2017 ICO craze.
ICO scam lands rapper TI, 3 others in hot water with US regulator
American rapper and record producer TI has been ordered to pay $75,000 for his role in an unregistered and fraudulent ICO.
Tezos settles ICO lawsuit for $25 million
No settlement money, however, will be distributed to ICO investors who profited off of their Tezos investment.
Ex-beauty queen disappears as court hears $12M ICO lawsuit
Jessica VerSteeg, along with husband Egor Lavrov, pioneered the ParagonCoin ICO in 2017, at the peak of the ICO craze.
Boon.Tech blockchain jobs marketplace settles ICO fraud case for $5.7M
Boon.Tech conducted its ICO from November 2017 to January 2018, raising $5 million from over 1,500 investors, according to the SEC.
Ethereum transaction fees hit all-time high
The total transaction fees on the Ethereum network hit $6.87 million on August 12, shattering the previous record reached during the ICO boom in December 2017.