unregistered
SEC Charges App Developer Abra for Unregistered Security-Based Swaps
Abra and Plutus Tech have agreed to a cease-and-desist order and a combined penalty of $150,000 after being charged by the Securities and Exchange Commission for selling unregistered security-based swaps to investors in 2019.
SEC Sues Ripple for Sale of “$1.3 Billion Unregistered Securities” as Crypto Leaders Debate over XRP
The SEC has filed a lawsuit against Ripple Labs Inc. for offering unregistered “digital asset securities” through which $1.3 billion was raised.
US SEC Wins Lawsuit Against Kik’s $100 Million Unregistered ICO
US Judge Alvin Hellerstein rules in favor of the Securities and Exchange Commission in the regulator's lawsuit against Kik’s 100 million 2017 ICO.
Enigma Settles With US SEC Over Unregistered 2017 ICO
The US Securities and Exchange Commission (SEC) recently announced it has settled charges against blockchain startup Enigma MPC.
Genesis Agrees to $21 Million SEC Settlement in Bankruptcy Resolution Effort
Genesis Global settles with the SEC for $21 million over unregistered securities sales allegations, aiming to mitigate legal challenges and focus on repaying customers amid bankruptcy proceedings. The agreement, pending a February 14 hearing, marks a significant step towards resolving the company's financial and legal hurdles.
Debt Box vs SEC: Court Reverses Asset Freeze, Raises Questions on SEC's Conduct
Debt Box is suing the SEC for misrepresentation of evidence in obtaining an asset freeze, citing potential sanctions for misleading arguments.
Coinbase Faces $5M Penalty from New Jersey Securities Bureau and SEC Charges, Stock Tumbles 20%
The New Jersey Bureau of Securities has issued a Summary Cease and Desist Order against leading cryptocurrency exchange Coinbase, Inc. for allegedly offering unregistered securities tied to its cryptocurrency staking services. The Bureau has further levied a hefty penalty of $5 million against Coinbase.
Terraform Labs co-founder defends against SEC allegations
Do Kwon, co-founder of Terraform Labs, has defended himself against allegations of fraud from the US Securities and Exchange Commission (SEC). Kwon’s lawyers have requested the dismissal of the lawsuit, claiming that the SEC's allegations are unfounded and that US law prohibits regulators from asserting jurisdiction over the digital assets in question. The lawyers also argued that the SEC failed to prove Kwon’s involvement in the collapse of Terra’s stablecoin, UST.
South Korea Probes OKX for Unregistered Operations
South Korean financial authorities are investigating OKX, a cryptocurrency exchange, for potentially operating without proper registration, following allegations from the Digital Asset Exchange Association.
Sparkster Settles SEC Charges for Unregistered ICO, Agrees to Pay $35M to ‘Harmed Investors’
Sparkster agrees to pay over $35 million in a settlement with the U.S. Securities and Exchange Commission (SEC) over an "unregistered initial coin offering (ICO)" in 2018.
Lido DAO Faces Class-Action Lawsuit Over LDO Token Alleged to be Unregistered Security
A class-action lawsuit against Lido DAO alleges its LDO token is an unregistered security, claiming responsibility for investor losses following the token's price decline.
ShapeShift Settles with SEC for Operating as Unregistered Crypto Asset Dealer
ShapeShift AG has settled with the U.S. Securities and Exchange Commission (SEC) for operating as an unregistered dealer of crypto asset securities, agreeing to a cease-and-desist order and a $275,000 penalty.
SEC Accuses Kraken of Operating Without Registration, Alleges Mixing of Funds
The SEC has accused Kraken of operating as an unregistered securities exchange, broker, dealer, and clearing agency, accusing it of commingling customer and company funds and deficient internal controls.
SEC Charges Impact Theory for Unregistered NFT Sales
Impact Theory, a Los Angeles-based company, has been charged by the SEC with violating federal securities laws by offering unregistered NFTs as investment contracts.
Gemini Responds to SEC Lawsuit Over Alleged Unregistered Securities
Gemini has filed a reply brief to a US SEC lawsuit alleging that its service, Gemini Earn, violated securities regulations by offering unregistered securities. Gemini's legal defense, represented by JFB LEGAL, PLLC and SHEARMAN & STERLING LLP, argues that the complaint lacks concrete evidence and is based on "conclusory statements."
Terraform Labs Co-Founder Argues Against SEC Lawsuit
Terraform Labs co-founder, Do Kwon's lawyers have argued in court against the SEC's lawsuit for illegally offering unregistered securities. The lawyers claim the SEC's acquisitions are unfounded and that the stablecoin in question is a currency, not a security. Additionally, Kwon's arrest and subsequent extradition remain uncertain.
SEC Charges Bittrex for Unregistered Securities Trading
The US Securities and Exchange Commission (SEC) has charged Bittrex and its former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. The SEC argued that tokens traded on Bittrex, including OMG, Dash, Algorand, Monolith, Naga, and IHT, are securities.
Coinme Fined $4 Million by SEC
Crypto exchange Coinme has been fined $4 million by the US Securities and Exchange Commission (SEC) for offering unregistered securities and making "misleading statements" regarding its token, UpToken.
SEC Ties Terraform Ruling to Binance in Securities Violations and Deceptive Practice Case
SEC links Terraform Labs ruling to Binance case, alleging unregistered securities offerings and deceptive practices in crypto trading.
Linus Financial Settles SEC Charges Over Unregistered Crypto Lending Product
The SEC has settled charges against Linus Financial for failing to register its Linus Interest Accounts, a crypto lending product. The SEC deemed the accounts securities and made registration mandatory. Linus voluntarily stopped offering the accounts to new investors and requested fund retrieval.
SEC Charges Crypto Project Unikrn $6.1M for ICO Violations
The Securities and Exchange Commission (SEC) has charged Unikrn for conducting an unregistered initial coin offering of its native token, UnikoinGold (UKG).
SEC Charges Rapper T.I. for Role in Alleged Fraudulent ICOs
The SEC filed a complaint against T.I and four other individuals for selling unregistered and fraudulent cryptocurrency securities for two firms.
US CFTC Charges BitMEX For Operating Illegal Crypto Derivatives Exchange
The United States CFTC has charged operators of BitMEX for operating an unregistered trading platform and violating anti-money laundering procedures.
Chelsea Football Club Owner Abramovich Confirmed as Investor in Telegram's 2018 ICO
The US Securities and Exchange Commission’s (SEC) investigation into Telegram’s $1.7 billion initial coin offering (ICO) in 2018 has revealed that some very big names took part in the unregistered offering.
Class-Action Lawsuit Filed against MoneyGram for Allegedly Misleading Investors with XRP
MoneyGram is currently facing a class-action lawsuit for allegedly misleading investors with XRP.
Ripple’s Brad Garlinghouse and Chris Larsen File for Motion to Dismiss SEC Lawsuit
Ripple co-founder Chris Larsen and CEO Brad Garlinghouse have filed for a motion to dismiss lawsuits they have received over XRP.
Telegram Resists the SEC Court Order to Reveal Financial Details of 2018 ICO
Telegram’s blockchain launch of TON faces delays as the recent court order by US Lawmakers requires the company to hand over documentation regarding the spending of their raised funds via ICO.
Telegram Hit With $18.5 Million SEC Fine and Set to Return $1.2 Billion to Investors as it Dissolves TON Project
Telegram will return $1.2 billion to investors and pay a fine of $18.5 million to the SEC as it dissolves TON network. But community members seek to revive the project.