The project was sued by an elderly couple who had lost money in its initial coin offering (ICO).
Bitwise notified the securities regulator of its decision, coinciding with a move from NYSE Arca to withdraw its 19b-4 filing.
The financial regulator warns investors against falling for the crypto vehicle that has followed ICOs.
ICOBox is alleged to have sold $14M worth of tokens in an ICO which the SEC claims was unregistered. The regulator is seeking $16M+ in disgorgement and fines.
The SEC has brought charges against the alleged operator of a crypto scam who lured investment in three companies but ended up using the money for personal use.