San Francisco-based Jerry Guo represented himself to clients as an ICO consultant, then embezzled funds now worth over $20 million.
Kik, SEC Propose $5M Settlement Over 2017 ICO, Ending Yearlong Battle
Kik will pay $5 million in penalties as part of a proposed settlement with the SEC, which sued the messaging app last year.
Crypto Esports Startup Unikrn to Pay $6.1M in SEC Settlement Over 2017 ICO
Unikrn has agreed to settle the charges, without admitting or denying them, by paying a $6.1 million penalty to be distributed among investors.
SEC Charges Rapper TI With Securities Violations for Promoting 2017 ICO
The SEC alleged film producer Ryan Felton misappropriated funds from two separate initial coin offerings, and charged rapper TI with boosting one of them.
Tezos Investors Win $25M Settlement in Court Case Over $230M ICO
A U.S. lawsuit that alleged the Tezos ICO was an unregistered securities sale has been settled for $25 million.
A Former Beauty Queen Raised $12M to ‘Revolutionize’ Cannabis. The Courts Can’t Find Her
Here’s how a weed-smoking model raised millions of dollars with a 2017 token sale in California, then disappeared during an ongoing lawsuit.
Cosmos’ Founding Team Broke Up Early This Year. The Project Didn’t
How Cosmos, the blockchain interoperability project that turned a small ICO into a thriving ecosystem, survived the breakup of its founding team.
Investors Suing Over Status ICO Can’t Find Execs to Serve Papers
Investors suing crypto firm Status are seeking “alternative means” to serve top executives after they were unable to deliver court papers via traditional means.
Novel Charts Dark Side of ICO Mania
Haydn Wilks’ latest novel examines the cryptomania of the 2017 ICO boom.
The Novel Legal Strategy Bringing This ICO-Backed ‘Micro-Mobility’ Startup to Court
Lawyers have filed suit in a “highly unusual” case against flamboyant Italian e-scooter entrepreneur Salvator Palella, over a troubled ICO back in 2018.
To His Own Surprise, Crypto Volume Pumper’s Business Is Still Thriving
Remember that college student who spoke candidly about inflating crypto trading volumes? He’s still at it – and COVID-19 has kept his business brisk.
French Renewable Energy Provider Wins Regulator’s Approval for €10M Token Sale
Renewables provider WPO has been granted an “ICO visa” from the French financial markets regulator.
BitClave Search Engine Agrees to Pay Back $25M ICO in Settlement With SEC
BitClave will pay back over $25 million in a settlement with the SEC stemming from a 2017 token sale.
Market Wrap: Ether Up 50% in 2020, Hits $200 on Sunday
Year to date, the native token of the Ethereum network’s 50 percent rally trounced bitcoin’s 7 percent gains.
SEC, Kik Continue Court Clash Over $100M Kin Token Sale
The SEC and Kik doubled down on their respective views of whether the 2017 KIN token sale was a securities transaction in new legal filings published late Friday.
SEC Sues Dropil Founders for Fraud After $1.8M Token Sale
The SEC has charged three California residents with defrauding investors of $1.8 million through an unregistered token sale.
Major Crypto Firms Including Binance, Civic, Tron Targeted in Flood of Lawsuits
A flood of class-action lawsuits were filed in New York Friday, taking aim at a number of major cryptocurrency projects over their token sales.
SEC Charges Former State Senator Over Digital Asset ‘Scam’
The SEC alleges that the Meta 1 Coin sale violated antifraud and securities regulation. It also promised some crazy returns.
SEC Proposal Could (Eventually) Unleash Security Token Sales
Companies looking to raise funds via security token offerings (STOs) might soon get some relief from regulatory burdens in the U.S.
US Court Fines ICOBox $16M for Securities Violation in SEC Case
The SEC won a default judgement against ICO-as-a-service platform ICOBox and CEO Nikolay Evdokimov.