Initial Coin Offerings

ICOs Liquidate Over $17 Million ETH Amidst Crypto Market Collapse

Amid the cryptocurrency market’s recent collapse, blockchain developers have liquidated over $17.7 million worth of Ethereum tokens (ETH) in the past month, marking the largest withdrawal for this year.

FBI Arrests AriseBank CEO; Charged in Purported $4M ICO Scam

The Federal Bureau of Investigation (FBI) has arrested on November 28 AriseBank CEO Jared Rice Sr., charging him with six counts securities and wire fraud.

U.S. District Court Denies SEC Injunction Request Against ICO

A U.S. court has denied an injunction lodged by the Securities and Exchange Commission against blockchain-based assets exchange Blockvest.

Floyd Mayweather and DJ Khaled Faces Penalties Over ICO Endorsements

Professional boxer Floyd Mayweather Jr. and music producer DJ Khaled have recently settled charges filed by the U.S. Securities and Exchange Commission over failing to disclose that both were paid to serve as promoters of Initial Coin Offerings.

Malaysia to Regulate Cryptos and ICOs by Q1 2019

Finance Minister Lim Guan Eng has stated that Malaysia’s Securities Commission (SC), the country’s regulator, has informed him about a timeframe for the new rules.

Former Journalist Allegedly Hoodwinks Over $3.5M in Digital Assets

Former journalist Jerry Ji Guo could be facing up to 20 years in prison after allegedly defrauding a number of firms, allowing him to swipe over $3.5 million in digital assets.

Singapore Exchange Outlines Rules for Listed Companies Launching ICOs

According to the issued guidelines, all listed firms aiming to launch an ICO are required to coordinate with SGX RegCo and provide a legal opinion from “reputable” firms explaining the tokens’ nature.

North Dakota Securities Watchdog Issues Cease-and-Desist Order Against Fraudulent Russian ICO

The fraudulent ICO project, dubbed as Union Bank Payment Coin, purportedly created a website that imitates certain elements of the Union Bank’s website interface.

North Dakota Regulator Slaps Union Bank ICO Fraud with a Cease and Desist Order

The financial watchdog which enforces securities laws in North Dakota accuses UBPC of mimicking Liechtenstein-domiciled Union Bank AG, a pioneer in the crypto space.

Man Behind REcoin and Diamond ICOs Pleads Guilty

Maksim Zaslavskiy, charged with operating two ICO scams REcoin and Diamond, has pleaded guilty in court.

US SEC Settles ICO Registration Violation Charges Against Two Crypto Firms

Two cryptocurrency firms have recently settled charges filed by the U.S. Securities and Exchange Commission (SEC) over alleged violations of registration rules governing ICO securities offering.   

E&Y Report Finds Most 2017 ICOs Failed to Deliver a Product

A report by Ernst & Young found that only 29% of the 2017 ICOs have produced a product.

ERC-20 Co-Author Aims to Eradicate Fraudulent Tokens with New ICO Model

During the annual assembly of Ethereum developers known as the Devcon Conference held in Prague, Fabian Vogelsteller has proposed that these changes are expected to protect investors from scams.

SEC Submits New Evidence Strengthening Fraud Case Against PlexCoin ICO

The U.S. Securities and Exchange Commission (SEC) has filed a new set of evidence further solidifying its legal charges against alleged fraudulent crypto scheme PlexCoin.

SEC Report Details Heavy Action Against ICO Fraud

The end-of-fiscal-year report by the US Securities and Exchange Commission has revealed heavy action against ICO-related fraud.
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