Securities offering – DIGIT INFO

SEC serves $4M in fines to Coinme over ‘misleading’ UpToken ICO

DIGIT — Mon, 01 May 2023 05:35:04 +0000

The regulator nabbed the crypto ATM operator turned exchange for securities law violations over its sales and statements of a crypto token.

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Nexo ‘surprised’ by state regulators’ actions, says co-founder

DIGIT — Thu, 29 Sep 2022 06:19:40 +0000

Kalin Metodiev emphasized that Nexo has been navigating through conversations with regulators for the past couple of years to ensure compliance, and was surprised that this news was “thrown out there in public.”

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Ripple CEO: SEC Lawsuit Over XRP ‘Has Gone Exceedingly Well’

DIGIT — Sun, 17 Apr 2022 02:00:45 +0000

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP “has gone exceedingly well.” He stressed: “This case is important, not just for Ripple, it’s important for the entire crypto industry in the United States.” Ripple’s CEO Comments on SEC […]

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SEC Charges Australian ‘Man Behind the Machine’ in $41M Crypto Fraud Scheme

DIGIT — Sun, 09 Jan 2022 04:30:56 +0000

The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and his companies made “materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities.” ‘Man Behind the […]

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SEC charges Rivetz over $18M ICO, seeks the return of ‘ill-gotten gains’

DIGIT — Fri, 10 Sep 2021 04:33:19 +0000

The SEC alleged that some of the proceeds from the offering were used to give the founder a bonus of $1 million and a loan of $2.5 million which he used to purchase a house in the Cayman Islands.

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