The SEC has collected $1BN from unregistered ICOs this year

2020 is yet to come to an end but figures already show it is…

The post The SEC has collected $1BN from unregistered ICOs this year appeared first on Coin Journal.

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BitMEX operator hires chief compliance officer amid US criminal charges

The hire comes after BitMEX's founders were charged with failing to prevent money laundering and operating an unregistered trading platform illegally in the United States. дальше »

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BitMEX Co-founder and Ex-CTO Samuel Reed Released on $5M Bail

It has been a turbulent few weeks for BitMEX. On October 1, it was announced that the founders of the crypto derivatives exchange would face charges from the U. S. Department of Justice (DOJ). These charges include running an unregistered trading platform and violating the banking secrecy act. дальше »

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BitMEX CEO Steps Down in the Wake of Criminal Allegations 

The CEO of Bitcoin derivatives exchange BitMEX, along with some of its leadership team, have stepped down in the wake of allegations from US regulators that it was operating illegally. As reported last week by BeInCrypto, the US Commodity Futures Trading Commission (CFTC) charged BitMEX with running an unregistered trading platform and for violating anti-money […] The post BitMEX CEO Steps Down in the Wake of Criminal Allegations  appeared first on BeInCrypto. дальше »

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John McAfee arrested in Spain on ICO promotion charges

Controversial tech entrepreneur John McAfee has been arrested in Spain where he faces extradition to the U.S. on multiple charges of promoting unregistered ICO offerings and tax evasion. дальше »

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Open Interest on Bitmex Drops 16%: Investors Withdraw 37,000 BTC in Less Than 24 Hours

Data from Arcane Research shows that open interest on Bitmex’s bitcoin derivatives market touched a new low of 45,122 BTC on October 1. The figure represents a 16% drop since the CFTC announced charges against Bitmex and its executives for allegedly operating an unregistered trading platform. дальше »

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BitMEX founder arrested for violation of US anti-money laundering laws

U.S. authorities have filed charges against Bitcoin exchange BitMEX, accusing the Hong-Kong based company and its founders of allowing unregistered trading and ongoing violations of U.S. anti-money laundering rules дальше »

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Judge Rules Kik’s 2017 $100M ICO Sale of KIN Is An Illegal Unregistered Securities Offering

A US district judge for the Southern District of New York agreed with the SEC”s assessment that the $100 million initial coin offering (ICO) of Kik in 2017 was a securities sale. Judge Alvin Hellerstein ruled that Kik violated the Securities Act by selling its unregistered token called “Kin. дальше »

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Bitcoin Price Drops As US Prosecutors File Charges Against BitMEX For Money Laundering And Facilitating Illicit Trading

BitMEX, the most widely utilized bitcoin margin trading platform, failed to enact proper compliance procedures and allowed unregistered trading, among other violations, according to US regulators. The United States Commodity Futures Trading Commission has charged BitMEX cryptocurrency exchange, CEO Arthur Hayes, the firm’s owners (Samuel Reed and Ben Delo), and corporate entities (HDR Global Trading […] дальше »

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CFTC charges BitMEX with illegally operating an unregistered trading platform

The United States Commodity Futures Trading Commission (CFTC) has charged the owners of BitMEX with operating an unregistered trading platform and violating multiple CFTC regulations, including failing to meet required AML procedures. дальше »

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New York Court Rules Kin’s $100 Million ICO an Unregistered Security

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CFTC charges crypto futures trading platform for failure to register in the US

The CFTC is looking to make an unregistered foreign platform pay back U.S. investors in its crypto futures, suggesting expanding jurisdictions. дальше »

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SEC Charges eSports Platform, Unikrn, A $6.1M Penalty For An Unregistered ICO; Hester Peirce Dissents

On September 15, the U. S. Securities Exchange Commission (SEC) charged Seattle-based eSports gaming firm, Unikrn, for conducting an unregulated ICO between June and October 2017. The statement from SEC claims Unikrn made an ICO raise of $31 million from selling its native UnikoinGold (UKG) token, promising to add more features to the gaming platform and […] The post SEC Charges eSports Platform, Unikrn, A . дальше »

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Mark Cuban-backed $31 million ICO “Unikrn” agrees to US SEC fines

Unikrn, a Seattle-based e-sports platform, has agreed to pay a $6 million fine to settle a complaint by the US Securities and Exchange Commission that said it raised $31 million by selling unregistered securities, according to a release. дальше »

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Presidential Candidate Brock Pierce Served With Lawsuit for Alleged ICO Fraud

Former Disney child actor and U. S. Presidential candidate, Brock Pierce, was served with a lawsuit during a political campaign event held on Monday. The class-action lawsuit was filed in May and it claims the defendants, including Pierce, sold unregistered securities during the EOS initial coin offering (ICO). дальше »

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Crypto gambling firm Unikrn pays $6 million fine for illegal ICO 

U.S Securities and Exchange Commission (SEC) charged a Seattle-based crypto eSports and gambling platform Unikrn for conducting an ‘unregistered’ initial coin offering( ICO) in 2017, which is a viThe post Crypto gambling firm Unikrn pays $6 million fine for illegal ICO  appeared first on AMBCrypto. дальше »

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Rapper T.I. Reaches $75K Settlement With SEC for Role in Alleged ICO Scam

Grammy Award-winning hip-hop artist T. I. has been charged by the U. S. Securities and Exchange Commission (SEC) for allegedly promoting an unregistered and fraudulent ICO. T. I. , whose official name is Clifford Harris, Jr. дальше »

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SEC Charges Rapper T.I. & Four Others for Promoting Fraudulent ICO, FLiK

The US Securities and Exchange Commission has charged Atlanta-based rapper Clifford Harris, Jr. , better known as T. I. , and four others for promoting an unregistered and fraudulent initial coin offerings (ICO). дальше »

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Founder of the multi-million dollar Ponzi scheme Bitclub pleads guilty

The founder of the Bitclub Network admitted charges against him of selling unregistered securities and filing a false tax return. The damage from Bitclub's actions is estimated at $722 million. дальше »

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US Man Pleads Guilty in $722 Million Bitclub Network Ponzi Scheme Case

A Bitclub Network Ponzi scheme promoter has admitted to charges of selling unregistered securities and to subscribing to a false tax return in connection with his role in the $722 million fraud scam. дальше »

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Tezos Investors Win $25M Settlement in Court Case Over $230M ICO

A U.S. lawsuit that alleged the Tezos ICO was an unregistered securities sale has been settled for $25 million. дальше »

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SEC, CFTC Penalize Abra Crypto Wallet $300K for Selling Unregistered Stock Swaps

The SEC and CFTC have charged Abra with facilitating unregistered stock swaps on their crypto wallet app. Abra Offered Securities Contracts Abra is a multi-coin wallet that allows users to... дальше »

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Romanian Programmer Admits Conspiring to Create $722M Bitclub Ponzi Scheme

A Romanian man admitted Thursday to conspiring to engage in wire fraud and selling unregistered securities linked to Bitclub Network, a cryptocurrency mining Ponzi scheme worth at least $722 million. дальше »

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Malaysian Securities Commission Warns About Cryptocurrency ATMs

The Malaysian Securities Commission is warning citizens about unregistered ATMs springing up in the country. This comes as the country’s Sharia Council approved the trading of digital assets. As cryptocurrency enters the mainstream, some issues will inevitably catch the attention of regulatory bodies. дальше »

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Ripple Likely Sold XRP in an Unregistered Securities Offering

The former CFTC chair’s analysis stating that Ripple’s XRP is not a security might be wrong.

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Ex-CFTC Chairman Giancarlo Claims Ripple’s XRP Is Not A Security

The security status of Ripple’s cryptocurrency, XRP, has long been a grey area in the crypto space. The situation has been exacerbated by multiple class-action lawsuits filed against Ripple, alleging the blockchain payments firm sold unregistered XRP as an unregistered security. дальше »

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Law Firms Jump in to Lead Plaintiffs in EOS’s Block.One Securities Litigation

Two teams of lawyers have filed competing motions to lead plaintiffs in a lawsuit against Block-one, the company behind the cryptocurrency EOS for selling unregistered assets in violation of federal securities laws, reported Reuters. дальше »

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Japan FSA: Register Before Giving Advice on Investments

Japan’s Financial Services Agency (FSA) warned against investment solicitations from unregistered companies, including the cryptocurrency industry, in a tweet posted on June 3. Japan’s financial authority, the Financial Services Agency (FSA), has issued a warning against investment advice doled out by individuals and groups with respect to cryptocurrencies and other asset classes. дальше »

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Russia to criminalize cryptocurrency turnover, again

Russian State Duma parliamentarians proposed imprisonment for up to seven years for cryptocurrency turnover. At the same time, they call for legalization of blockchain projects tokens considered as unregistered securities in many countries. дальше »

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Sydney Woman Arrested for Alleged Operation of Illegal Cryptocurrency Exchange

A woman was arrested in Burwood — a suburb of Sydney, Australia — for allegedly operating an unregistered cryptocurrency exchange. The arrest took place at a local shopping mall and police later found $60,000 in cash and $55,000 in bitcoins at her apartment. дальше »

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Will New Crypto Bill Absolve Ripple of On-going XRP Lawsuits?

At present, fintech firm Ripple is already subject to several lawsuits that allege it broke SEC rules by selling unregistered securities with sales of the XRP crypto token. But in a further blow, attorneys for a company called Bitcoin Manipulation Abatement LLC filed a fresh lawsuit with the US Federal District Court on May, 1st... дальше »

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SEC Sues Dropil Founders for Fraud After $1.8M Token Sale

The SEC has charged three California residents with defrauding investors of $1.8 million through an unregistered token sale. дальше »

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CFTC’s First Science Contest Looks for Unregistered Foreign Offerings, Including Bitcoin Futures

US CFTC asks devs for new tools to find and track unregistered foreign derivative offerings soliciting US investors, including Bitcoin futures trading

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US State Regulators Order ‘Fraudulent’ Crypto Mining Scheme to Shut Down

The Texas State Securities Board and Alabama Securities Commission filed an emergency action against Ultra Mining, alleging it offered unregistered securities by promising to double investments in a cloud mining scheme. дальше »

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Binance, BitMEX, Tron, Block.one Named in Class Action Lawsuit for Selling Unregistered Securities

Several juggernauts of the crypto-industry were named in a class action lawsuit for the alleged sale of unregistered securities. Those mentioned include Binance, BitMEX, Tron, Block. one, Kyber Network, and KuCoin,...The post Binance, BitMEX, Tron, Block. дальше »

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7 Crypto Firms Targeted by 11 Lawsuits in New York

The lawsuits accuse the defendants of issuing unregistered securities and failing to seek requisite licensing for their activities

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Here’s the simple reason why the new class-action lawsuit against 11 crypto companies may soon be dismissed

Some of the most prominent crypto companies in existence are now facing a torrent of coordinated class-action lawsuits, which accuse them of issuing and selling unregistered securities to unsuspecting investors. дальше »

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Amended Lawsuit Alleges Ripple’s Garlinghouse Sold Millions Of XRP Despite Claiming To Be A HODLer

A lawsuit filed by XRP investors against Ripple Labs has been going on for almost two years now. The plaintiffs, led by Bradley Sostack claimed that the San Francisco-based blockchain firm sold them XRP as an unregistered security. дальше »

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U.S. Court Supports SEC and Blocks Telegram from Issuing Its Gram Tokens

Coinspeaker U. S. Court Supports SEC and Blocks Telegram from Issuing Its Gram TokensThe court said that since Telegram was planning to sell its TON tokens in the secondary markets, they shall be categorized as unregistered securities under the Howey Test. дальше »

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SEC Seeks Early Judgement in Lawsuit Over Kik’s $100M ICO

Claiming to have “undisputed evidence” that Kik’s ICO was an unregistered securities offering, the SEC is seeking an early judgment

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Ripple’s Legal Woes Likely To Dampen XRP Growth Following Recent Court Ruling

On Feb 26, Judge Phyllis Hamilton of the Northern District of California ruled that the class-action lawsuit filed by investors claiming Ripple sold unregistered securities will move forward. The judge also noted that digital assets that do not fall under securities law will be subject to laws against unfair, deceptive, or abusive acts or practices […] дальше »

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United States SEC Wins $16M Case Again ICOBox

The ICOBox platform received a court decision in absentia, after failing to defend its side against the accusations of the US Securities and Exchange Commission (SEC). ICOBox Investigated for Aggressive Token Promotion ICOBox was sentenced to repaying $16M for acting as an unregistered broker. дальше »

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Ripple Fails to Dismiss XRP Securities Lawsuit

Ripple failed to dismiss the lawsuit alleging XRP tokens are unregistered securities. The action could “upend and threaten to destroy the established XRP market,” said the motion. Ripple Fights Lawsuit...The post Ripple Fails to Dismiss XRP Securities Lawsuit appeared first on Crypto Briefing. дальше »

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Court Rejects Ripple’s Bid to Dismiss Class Action Lawsuit Filed by XRP Investors

A court case that has the future of XRP at stake continues after Ripple’s motion to dismiss it was rejected by a court in California. The plaintiffs claim that the blockchain company sold the coin as an unregistered security and demand compensation. дальше »

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Lawsuit Alleging Ripple’s XRP Is Unregistered Security Moves Forward

A lawsuit alleging that Ripple’s XRP constitutes an unregistered security will move forward, per a recent ruling in a U.S. federal court

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Ripple Faces Major Legal Defeat That Spells Trouble for XRP

The lawsuit that accuses Ripple of selling XRP as an unregistered security gets the go-ahead дальше »

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Illegal Crypto-Bookmakers Pose Risk to Integrity of Hong Kong Horse Racing

Horse racing’s integrity is under threat in the Asian region, due to the rise of unregistered illegal bookmaking platforms

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65 Mln XRP Wired Between Unregistered Wallets, While Reddit Discusses XRP Scam

Three large amounts of XRP have been moved between anonymous wallets as Reddit discusses scammers who are using XRP to hunt for your seed phrase дальше »

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Enigma Settles with SEC, Agrees to Refund ENG Investors

Enigma, a startup developing private smart contracts, settled charges with the Securities Exchange Commission for selling its ENG tokens as unregistered securities. Enigma Faces SEC Enforcement Enigma raised $45 million...The post Enigma Settles with SEC, Agrees to Refund ENG Investors appeared first on Crypto Briefing. дальше »

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ICO Project Enigma Settles SEC Charges Over $45M Token Sale

The SEC settled charges with Engima MPC alleging it raised $45 million in an unregistered securities sale with its 2017 ICO. Engima will refund investors and pay a penalty. дальше »

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