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A federal court has ordered ICOBox to pay a $16 million penalty to the Securities and Exchange Commission's (SEC) for violating U.S. securities law.On March 5, Judge Dale S. Fischer of the District Court for the Central District of California granted the SEC's motion for default judgment against the ICO-as-a-service
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The U.S. Securities and Exchange Commission, or SEC, has ordered that ICO broker ICOBox must pay $16 million after the startup failed to act on previous legal action from the commission.U.S. District Judge Dale Fischer of California sided with the SEC in a default judgement, after the alleged unregistered
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According to a press release on September 18, the U.S. SEC has taken legal actions against a blockchain and crypto company called ICOBox and its founder Nikolay Evdokimov for illegally distributing $14 million worth of the company’s digital token and operating as an unregistered broker for other digital asset offerings.The
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