Securities and Exchange Commission

SEC sues ICOBox and its founder

Securities And Exchange Commission Charges Kik For Unauthorized Sales Of ICO

The Securities and Exchange Commission (SEC) of the U.S has prosecuted against Canadian startup Kik. The firm has been illegally conducting a $100 million securities trade of digital tokens. It was selling the tokens to the U.S. investors without any authorization of the U.S. laws and securities. The news comes from an official press release. […]

Bitfinex Recovers Stolen BTC and Reimburses Clients with US Government Help

Phillip Frost to Settle Riot Blockchain Lawsuit for $5.5 Million

Phillip Frost, a Miami billionaire, who was accused of being involved in Riot Blockchain scam has now revealed that he will be settling the lawsuit with a penalty of $5.5 million. Frost was charged for being a part of a group which created fraudulent schemes. They generated approximately $27 million by selling unlawful stocks thereby impacting retail investors.


US SEC launches FinHub to better address DLT and Digital Assets

The U.S. Securities and Exchange Commission (SEC) has launched the agency’s Strategic Hub for Innovation and Financial Technology (FinHub), to aid its Fintech related activities including Distributed Ledger Technology (DLT) and Digital Assets, as published by officials on Oct. 18.