Cryptocurrency Analysis and News Portal
The United States Securities and Exchange Commission (SEC) has charged Eran Eyal, the founder Shopin, with orchestrating a fraudulent initial coin offering (ICO).In a press release on Dec. 11, the SEC alleged that the businessman and his company defrauded hundreds of investors in an ICO that raised more than $42
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The SEC is also charging Eyal with failing to register the Shopin token sale as a securities sale, and is looking for a permanent injunction, disgorgement, civil penalties, to permanently bar Eyal from acting as an officer or director in any public company, or from participating in any future token
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The United States prosecutors have officially indicted a man from Singapore for using stolen identities to illegally utilize Amazon Web Services’ cloud computing power for crypto mining.According to the indictment initially filed on Oct. 1, Ho Jun Jia was charged with eight counts of wire fraud, four counts of
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Startup accelerator Techstars has cancelled its year-old partnership with the firm owned by early Ethereum advisor Steven Nerayoff.Techstars ditches the joint acceleratorAccording to cryptocurrency news outlet The Block on Oct. 8, Nerayoff’s arrest on suspicion of extortion had forced Techstars to reconsider its association with Alchemist, a blockchain advisory
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The United States Commodity Futures Trading Commission (CFTC) charged a United States resident with a $7 million Bitcoin (BTC)-related fraud.In an official news release published on Sept. 30, the regulator revealed that Jon Barry Thompson of Easton, Pennsylvania, is charged with “knowingly or recklessly making false representations to customers
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The United States Securities and Exchange Commission (SEC) has charged Jonathan C. Lucas, the founder of adult entertainment marketplace Fantasy Market, with orchestrating a fraudulent initial coin offering (ICO).According to the SEC complaint published on Sept. 23, Lucas received around $63,000 in cryptocurrency from more than 100 investors “through
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The U.S. Securities Exchange Commission charged Jonathan Lucas, 27, the CEO of online adult entertainment marketplace, with running a fraudulent initial coin offering (ICO) scheme. According to the SEC’s lawsuit, the company claimed that investors could purchase its token
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The United States Securities and Exchange Commission (SEC) has sued ICOBox and its founder Nikolay Evdokimov for conducting an illegal securities offering and for acting as unregistered brokers.SEC says ICOBox’s digital tokens are worthlessIn a press release on Sept. 18, the SEC claimed that ICOBox and Evdokimov sold the
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On August 29th the Securities and Exchange Commission (SEC) announced that it has settled the charges with the Dallas-based unregistered cryptocurrency exchange Bitqyck and its founders. According to the SEC, the founders, Bruce Bise and Sam Mendez, leveraged an unregistered coin offering and illegally operated crypto exchange with the intention
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