The ICO raised the equivalent of several billion dollars from June 2017 to June 2018. The US Securities and Exchange Commission said that Block.one, which operates in Blacksburg, Virginia, and Hong Kong, did not properly register its 900 million-token offering, or seek an exemption from registration.
It added that this deprived investors of material information needed to make informed decisions. Block.one did not admit or deny wrongdoing in agreeing to settle, the SEC said.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.