Advertisement

Initial Coin Offerings

Societe Generale Issues Security Token on Tezos

  • The bank issued a €5 million Euro Medium-Term Note (EMNT), a type of fixed debt security that expires in 5 to 10 years.
  • The transaction is a key step in launching the bank's enterprise-focused crypto arm in 2022.

Founder of Centra Tech Sentenced to Prison for ICO Scam

  • Robert Farkas was sentenced to one year in prison for conducting an illegal ICO.
  • Farkas and other Centra Tech founders defrauded investors out of $25 million in 2017.

U.S. Court Orders Blockvest to Pay $700K

  • The firm had made false claims to have received regulatory approval from various agencies, one of which was fabricated.
  • Blockvest and its founder will need to pay $696,000 in civil penalties, and abide by a number of restraints and conditions moving forward.

Kik & SEC Jointly Propose $5 Million Settlement To End ICO Lawsuit

  • The proposed joint settlement is not final, and still requires approval from presiding judge Alvin Hellerstein.
  • If approved, the settlement will enjoin the firm against future securities law violations, and make it pay a $5 million fine.

Salt Lending Ordered To Refund Investors In Its $47M ICO

  • The firm now has 14 days to issue a press release, informing its investors of the SEC's order, and beginning the process of offering refunds to investors.
  • The firm has also agreed to register its SALT token as a security with the regulator, and pay an additional $250,000 civil penalty fine in the next 10 days.

SKALE Concludes Token Sale With 3,736 Buyers Across 90 Countries

  • The sale aimed to gather the most number of participants in order to secure SKALE’s network.
  • The Phase 2 platform is said to provide customers with access to fast and secure chains, with significantly lower gas fees.

Ava Labs Increases Public Sale Token Allocation Due To High Demand

  • A total of 72 million AVAX tokens are now available for purchase - at $0.50 and $0.85 a piece.
  • The ICO is set to raise around $40 million, if it hits the hard cap.

Blockchain Data Startup The Graph Raises $5 Million In Token Sale

  • Ethereum data firm The Graph manages to collect over $5 million from their Initial Coin Offering.
  • The company plans on expanding their indexing protocol, allowing for faster and more accurate interactions.

AVA Labs Raises $12M In Private Token Sale, Prepares Public Offering

  • The total amount of funds raised by the project has now reached $18 million.
  • The company is also planning to conduct a public token sale on 8 July, in accordance with the U.S. federal financial regulations.

Block.​One Facing Class Action Lawsuit Over EOS ICO, Again

  • The new class action complaint accuses the firm of taking $200 million from U.S. investors during its ICO.
  • The development comes only months after the firm paid $24 million to the SEC, after an investigation into the ICO.