Read the success stories of crypto entrepreneurs.

Discussions are fun when we are part of a community.
Login Free Registration

Get 10 AltcoinN Points just by registering on this forums.


EOS maker Block.One must pay $24 million in penalties for conducting an unregistered

#1
EOS maker Block.One must pay $24 million in penalties for conducting an unregistered securities sale, the U.S. Securities and Exchange Commission (SEC) announced Monday evening.

The SEC said in a press release that Block.One “raised the equivalent of several billion dollars” over a one-year period in an unregistered initial coin offering (ICO). (A total of $4.1 billion was raised.) Block.One agreed to settle the charges, according to the SEC.

The fine amounts to 0.0058 percent of the initial raise.

Personally I think they got a slap on the wrist. $24m is nothing to a company that raised $4billion. What do you guys think?
Reply