Law360 (September 30, 2019, 10:12 PM EDT) — A blockchain developer agreed Monday to pay a $24 million penalty to the U.S. Securities and Exchange Commission to settle claims that it sold several billion dollars’ worth of cryptocurrency in an unregistered initial coin offering.
The SEC said in an order that Block.one sold roughly 900 million digital tokens to raise money for the development of its EOSIO blockchain platform but never registered the sale with the agency as a securities offering and sold millions of tokens to U.S. investors without being clear enough on the terms of the deal. Block.one accepted the deal without admitting or denying the allegations….
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Key Takeaways Ethereum dApps have been exploited for $142 million and ERC-20 tokens have been drained of $1.15 billion. EOS leads the pack in the number hacks on a single smart contract platform. Basic security […]
We’ve all heard of Blockchain — it’s a current buzzword that has moved beyond tech circles and gone mainstream. And if news reports are anything to go by, the rise of Blockchain seems inevitable, given […]
May 8, 2020adminBitcoinComments Off on Class action suit filed against Boulder entrepreneur over failed Bitcoin convention
BOULDER — A class action lawsuit has been filed against Boulder-based blockchain marketer and consultant Jacob Kostecki, alleging he defrauded about 2,000 ticket holders and sponsors of an ill-fated convention this year. Kostecki was the […]