The regulator nabbed the crypto ATM operator turned exchange for securities law violations over its sales and statements of a crypto token.
Nexo ‘surprised’ by state regulators’ actions, says co-founder
Kalin Metodiev emphasized that Nexo has been navigating through conversations with regulators for the past couple of years to ensure compliance, and was surprised that this news was “thrown out there in public.”
SEC charges Rivetz over $18M ICO, seeks the return of ‘ill-gotten gains’
The SEC alleged that some of the proceeds from the offering were used to give the founder a bonus of $1 million and a loan of $2.5 million which he used to purchase a house in the Cayman Islands.
EOS Maker Block.One Settles With SEC Over Unregistered Securities Sale
Block.One will pay $24 million after settling charges that it operated an unregistered securities sale with its $4.1 billion EOS raise.
ShipChain Pushes Back Against Securities Violations Claims
In a statement, ShipChain said it did not violate securities laws or offer its token for sale in South Carolina.
South Carolina Sanctions Startup Over Unregistered Token Sales
South Carolina securities regulators have ordered ShipChain to cease selling its tokens within the state.