Search for: ICO SEC lawsuit

The 8 Biggest Bombshells From the SEC’s Kik ICO Lawsuit

| Brady Dale

In a complaint filed Tuesday, the SEC laid out where Kik allegedly ran afoul of U.S. securities law with its $98 million ICO in 2017. It also…

Former AriseBank Execs Settle Charges in SEC ICO Fraud Lawsuit

| Nikhilesh De

The SEC has settled charges with AriseBank's former CEO and COO, requiring the two to pay $2.7 million in disgorgement and $187,000 in penalties.

The SEC Case Against Kik’s ICO Appears Strong, Experts Say

| Nikhilesh De

The SEC seems to have a strong case on the facts in its complaint against Kik and its 2017 token sale, according to legal experts.

The SEC Is Suing Kik for Its 2017 ICO

| Nikhilesh De

The U.S. Securities and Exchange Commission has filed suit against Kik over its 2017 initial coin offering.

Kik is Crowdfunding $5 Million in Crypto to Help Fight SEC

| Daniel Palmer

Messaging app firm Kik has launched a crypto crowdfunding campaign to support a likely court battle with the U.S. SEC over its ICO token, kin.

Floyd Mayweather, DJ Khaled Escape Lawsuit Brought By ICO Investors

| Nikhilesh De

Floyd Mayweather, DJ Khaled and two employees of the Centra Tech ICO project have been dismissed from an investor lawsuit by a federal judge.

AriseBank CEO Pleads Guilty to $4.2 Million Securities Fraud Involving ICO

| Nikhilesh De

Jared Rice, former AriseBank CEO, pleaded guilty to securities fraud and could face as much as 20 years in prison.

Crypto Mogul Moshe Hogeg’s ICOs Have Unusual Patterns, Analysis Finds

| Leigh Cuen

Controversy looms overhead as Israeli entrepreneur Moshe Hogeg promote's Sirin Labs' blockchain phone.

SEC Official Who Oversaw Crypto Cases Leaves for Law Firm Jones Day

| Anna Baydakova

Shamoil T. Shipchandler, whose team at the SEC brought cases against AriseBank and 1Broker, has joined law firm Jones Day.

Erik Voorhees, Salt Lending Being Investigated by SEC, Report Says

| Daniel Palmer

Crypto loans startup Salt and former board member Erik Voorhees are under investigation by the SEC, The Wall Street Journal says.