Even if the SEC doesn't pursue an enforcement action against a token seller, buyers can sue privately under U.S. securities laws to unwind the sale.
The owner of BitFunder, a long-defunct bitcoin investment platform, has been hit with two lawsuits filed by the U.S. government.
The SEC has turned down a FOIA request related to BitConnect, citing an exemption commonly seen with records related to law enforcement.
Another lawsuit seeking class-action status has been filed in Florida against BitConnect.
China-based cloud content delivery network Xunlei has been hit by two class action suits over alleged illegal ICO activity.
A temporary restraining order freezing BitConnect's assets has been granted in the U.S. after a second lawsuit was filed against the exchange Monday.
Kentucky citizen Brian Page filed a class action lawsuit on behalf of each of BitConnect's former investors, alleging the company ran a Ponzi scheme.
A class action suit has been filed against exchange and lending platform BitConnect, which recently closed following U.S. cease-and-desist orders.
The Commodity Future Exchange Commission (CFTC) has charged two individuals and a Las Vegas-based business in connection with a cryptocurrency scam.
The U.S. Commodity Futures Trading Commission brought two lawsuits against allegedly fraudulent cryptocurrency investment schemes yesterday.