SEC Charges Blockchain Marketplace Opporty Over ‘Fraudulent’ $600,000 ICO
The firm is alleged to have conducted a fraudulent and unregistered sale of digital assets called OPP Tokens, raising around $600,000.
The SEC settled charges with Engima MPC alleging it raised $45 million in an unregistered securities sale with its 2017 ICO. Engima will refund investors and pay a penalty.
Contents Protocol will refund approximately $7.5 million worth of ether back to investors.
Martial artist and actor Steven Seagal was charged with not declaring payments related to his promotion of a token launched by Bitcoiin2Gen.
SEC Commissioner Hester Peirce has proposed a new way to regulate token sales. If there are better alternatives, she wants to hear about them.
Security token offerings were supposed to be the next big blockchain-based investment vehicle. But investors in Thailand and Taiwan aren't so interested.