BitClave ICO ordered to return investors funds by the SEC
BitClave has settled with the SEC in a case that alleged the company had violated securities laws. It will pay back $25.5M to its 9,500 investors and close shop.
BitClave has settled with the SEC in a case that alleged the company had violated securities laws. It will pay back $25.5M to its 9,500 investors and close shop.
Plaintiffs claim Block.one purposefully provided investors with false and misleading information about EOS to draw more investors.
The digital currency startup was found guilty of violating federal securities laws, but said it cannot pay the $250,000 settlement.
Dubbed a “cheat sheet” for investors, the warning looks at common frauds including regular securities and pensions, virtual currencies and blockchain.
Pavel Durov blames the U.S. government for bringing an end to the TON project, which would have distributed ‘Gram’ tokens to its investors.
Refereum announced that the company would shut down its online platform “for the foreseeable future to evaluate and rebuild.”
Dropil is allegedly offering an unregistered security to support its Dropil decentralized exchange.
Known only as “Investor Z,” the investment company said it wanted to redact its unique analysis of the Telegram ICO from the case.
The former Washington senator is said to have profited from the scheme, which raised investment for the issue of Meta 1 coins.
A New York law firm last Friday filed class action suits against 11 well-known companies in the digital asset industry.
ICOs took a huge beating in 2019, with funds raised going down by 95% in 2019. Venture capital firms are filling in the gap, with China now closing in on U.S.
The financial regulator asks a federal court to issue its ruling in the case before it has run its course.