ICOBox and its founder ordered to pay $16m in disgorgement
Judge Dale S, a California District Court Judge, has issued a verdict against the lawsuit on ICObox and its founder Nikolay Evdokimov. According to the verdict, Evdokimov and his company ...
Tag: ICO
Rapper ‘T.I.’ Cleared of Securities Fraud Charges in FLiK ICO
District Judge Charles Pannell dismissed a lawsuit on March 3, claiming securities fraud charges against rapper 'T.I.' for selling FLiK tokens. He is accused of committing this illegality when he ...
SEC Stands Against Blockvest’s Attempts To Delay Proceedings
It’s been over a year since the US’s Securities and Exchange Commission, or SEC had obtained a Court order that halted the ongoing pre-ICO sales done by Blockvest LLC. The ...
SEC and Enigma Settle Dispute Over $45 Million ICO
The Securities and Exchange Commission (SEC) of the US recently settled a dispute with Enigma for its $45 million unregistered initial coin offering (ICO). What was the case? Enigma MPC ...
Legal Tussle between Telegram and US SEC May Prolong
Some newly obtained documents from regulators could further delay the legal battle between messaging app company Telegram and the US Securities and Exchange Commission (SEC). What’s happening? Telegram and the ...
US CFTC Will Decide the Legitimacy of Telegram’s Gram Token
A New York court orders the Commodity Futures Trading Commission (CFTC) to provide their opinion on Telegram’s Gram token. The token was issued during a private ICO, and the messaging ...
New York Court Orders Telegram to Reveal Bank Records Related to Its ICO
On Monday, federal judge Kevin Kastel from New York ordered messaging app Telegram to produce bank records related to their ICO. The company has been given time till February 26 ...
SEC Is Misguided; Telegram Lawyers Tell Judge
2020 is already promising to be an eventful year as bitcoin started with a record high hash rate. Now, lawyers representing the Telegram messaging app have urged a US court ...
NY Court will Proceed with the Case Against Alleged OneCoin Fraudster
The lawsuit against David Pike, who was accused of the OneCoin cryptocurrency scam will resume at the New York’s Southern District Court. The case will now continue as scheduled. The ...
Thailand Will Alter Crypto Law in 2020 to Remain ‘Competitive’
The crypto space is changing with every passing day. In that context, regulators and authorities are striving to come up with laws to effectively govern the nascent industry. Some nations ...