New Jersey investors urged to redeem funds from Abra amid crypto company’s shutdown

The New Jersey Attorney General has urged state investors to withdraw funds from the crypto lending and trading platform Abra as the company winds down its U.S. operations following a multistate investigation into the sale of unregistered securities. In an…

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SEC charges BitClout/Decentralized Social founder with civil securities, wire fraud

The US Securities and Exchange Commission (SEC) has filed charges against Nader Al-Naji, the founder of the BitClout blockchain protocol, currently known as Decentralized Social (DeSo). Al-Naji is accused of orchestrating a fraudulent scheme involving the unregistered offering and sale of crypto asset securities, amassing over $257 million from investors under false pretenses.

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Investors File Lawsuit, Claim Coinbase Sold Unregistered Securities

Investors sue Coinbase, alleging the platform sold unregistered securities.

The post Investors File Lawsuit, Claim Coinbase Sold Unregistered Securities appeared first on BeInCrypto.

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How an Appeals Court Ruled on an Aspiring Class-Action Lawsuit Against Binance

A federal appeals court ruled last week that Binance needs to face a putative class-action lawsuit from a group of U. S. -based crypto investors who allege the exchange allowed them to buy and trade unregistered securities in the form of certain cryptocurrencies.

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Sparkster to pay $35M to ‘harmed’ ICO investors after SEC charge

Sparkster will pay more than $35 million into a fund set to benefit investors who bought the platform’s SPRK token during an initial coin offering the US Securities and Exchange Commission (SEC) has said was unregistered and whose promotion violated the securities laws.

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Sparkster Settles With SEC, Agrees to Pay Back $35M to ‘Harmed Investors’ of 2018 ICO

Cayman Islands-based software company Sparkster and its CEO Sajjad Daya have agreed to a settlement with the SEC over charges stemming from the company’s unregistered 2018 initial coin offering (ICO).

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SEC sues Chicago Crypto Capital for allegedly defrauding investors of $1.5M

The Securities and Exchange Commission (SEC) has filed a suit against Chicago Crypto Capital (CCC) for allegedly defrauding investors of $1. 5 million by issuing unregistered BXY tokens during the 2018 ICO boom.

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Binance.US Accused of Misleading Investors in Class-Action Lawsuit Over Terra

A class action lawsuit has been filed against Binance US on accusations that it misled investors and that it listed an unregistered security in UST.

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Binance.US Accused of Misleading Investors in Class Action Lawsuit Over Terra

A class action lawsuit has been filed against Binance US on accusations that it misled investors and that it listed an unregistered security in UST.

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12 Million XRP Goes to Anon Address as XRP Remains Attractive for Investors

Whale has withdrawn 12 million XRP to an unregistered wallet, while XRP is staging a rise of 6.50%

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CNBC’s Jim Cramer Boldly Calls Dogecoin A Security; Warns Investors To Treat DOGE With Extreme Caution

The host of CNBC’s Mad Money show, Jim Cramer, has issued a public caution against Dogecoin investments. Cramer asserts the day of reckoning is coming for DOGE, which he believes is an unregistered security.

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Japan’s crypto exchange to relist XRP as it seems that Ripple can beat SEC charges

It has been around ten months since the US SEC cracked down on Ripple and its cryptocurrency, XRP, claiming the same that some investors have been claiming for years — that XRP is unregistered security.

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The SEC charges RvT token issuer for soliciting $18 million in unregistered offerings

The US Securities and Exchange Commission (SEC) has charged Rivetz Corp, its president Steven K. Sprague and a subsidiary for obtaining $18 million from 7,200 investors via an unregistered securities offering.

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UK: FCA Warns Investors Against 111 Unregistered Crypto Companies

The United Kingdom Financial Conduct Authority (FCA) has issued a warning against over 100 cryptocurrency firms who are operating without license in the U.K. FCA Says FOMO Causing Increased Investment in Crypto According to Reuters on Tuesday (June 22, 2021), the FCA’s head of enforcement and market oversight, Mark Steward, made the warning about theRead More

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UK regulator warns investors against 100+ unregistered crypto firms

The FCA is concerned that several unregistered crypto companies were doing business with banks,… The post UK regulator warns investors against 100+ unregistered crypto firms appeared first on Coin Journal.

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SEC Charges CEO of Crypto Startup for Unregistered ICO

The SEC order found that from August 2017 through January 2018, Loci and its CEO raised $7.6 million from investors in an ICO by offering and selling crypto tokens called “LOCIcoin.” The post SEC Charges CEO of Crypto Startup for Unregistered ICO appeared first on BeInCrypto.

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After Several Years, The SEC Charges BitConnect Promoters

The US Securities and Exchange Commission (SEC) charged five individuals for promoting the global unregistered digital asset securities offering, BitConnect, that raised over $2 billion from retail investors between January 2017 to January 2018.

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Despite SEC lawsuit against Ripple, why this was a quarter of XRP accumulation

On 22 December, SEC charged Ripple for allegedly raising funds, through the sale of XRP in an “unregistered securities offering to investors.” According to the filing, co-founder Chris Larsen and The post Despite SEC lawsuit against Ripple, why this was a quarter of XRP accumulation appeared first on AMBCrypto.

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Data shows “whales” are buying XRP as public sentiment increases

Even since the United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple for an unregistered securities offering in late December 2020, some investors have expressed their fears about XRP.

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Ripple still manages to win over banks in spite of the SEC lawsuit

Over the years, Ripple has been accused of launching its coin, XRP, as an unregistered security time and time again. However, such accusations typically came from unsatisfied investors who felt cheated on, and Ripple — being a rapidly-growing firm — typically managed to shut them all down.

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FBI arrests 24-year-old crypto trader for commodities and wire fraud

The trader was both lying to investors and using an unregistered derivatives strategy on BitMEX.

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XRP Investors Take Legal Action After Ripple Charges

The Securities and Exchange Commission (SEC) officially charged Ripple Labs and two of its executives with the sale of over $1 billion in unregistered securities. Now, former investors are suing the SEC.

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SEC Lawsuit: Tierion to Refund Investors From Its $25 Million Token Sale

The U. S. Securities and Exchange Commission (SEC) has taken action against another startup in the crypto space for selling unregistered securities. Tierion, which raised $25 million in a token sale, has agreed to “return money to investors” and disable the trading of its token.

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Ripple Expecting XRP Security Lawsuit from the SEC

The SEC is claiming that XRP is categorized as a security, so therefore the sale of XRP to its American investors should be viewed as the selling of unregistered securities. XRP Security Debate The CEO of Ripple, Brad Garlinghouse, disputes this claim by the SEC and thinks that XRP should not be categorized as a … Continued The post Ripple Expecting XRP Security Lawsuit from the SEC appeared first on BeInCrypto.

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US authorities eager to deter citizens from unregistered crypto exchanges

Pressured by U.S. authorities, more foreign exchanges are blocking American investors, but are vague U.S. regulations the real problem?

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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.

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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.

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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.

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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.

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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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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.

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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.

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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 […]

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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.

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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.

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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.

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Telegram’s rocky road to TON launch date

In 2018, Telegram conducted an ICO that reportedly raised $1. 7 billion dollars. The private token sale involved the sale of GRAM tokens through SAFT agreements to accredited and institutional investors.

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SEC Sues Shopin and its Founders for Fraudulent ICO Project

The United States Securities and Exchange Commission (SEC) has dragged the founders of Shopin (SHOPIN) to court for organizing a fraudulent initial coin offering (ICO) that enabled them to sell unregistered securities to investors from August 2017 to April 2018, according to a press release on December 12, 2019.

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SEC Charges Shopin CEO With Fraud Over Unregistered $42M ICO

The U. S. Securities and Exchange Commission (SEC) has charged Shopin and its founder Eran Eyal with fraud after a $42 million initial coin offering. The SEC announced Wednesday that Eyal had been charged with defrauding investors by selling unregistered securities in the form of Shopin Tokens.

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Tether Is In The Soup ‘Again’ For Blatant USDT Issuance

On July 8 the office of the New York Attorney General submitted a report detailing Bitfinex and Tether’s alleged illegal trading and securities issuance in the state of New York. Have Tether and Bitfinex Colluded to Manipulate Bitcoin Price? A recently filed Memorandum of Law filed by the New York Attorney General’s Office (NYAG) alleges that Bitfinex and Tether knowingly issued USDT as loans to investors and operated as an unregistered securities operator in New Read More The post Tether Is In The Soup ‘Again’ For Blatant USDT Issuance appeared first on Bitcoinist.com.

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SEC sues Kik for unregistered securities offering

The U. S. Securities and Exchange Commission (SEC) has sued messaging app Kik over their 2017 ICO for its KIN token. Officials allege that the ICO constituted an unregistered securities offering.

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The SEC Strikes Back: Kik Counterpunched With Illegal Securities Charge

The SEC might have a ‘Crypto Mom,’ but this parent knows how to get tough. The Securities and Exchange Commission has announced a suit against Kik Interactive for the “illegal” sale of unregistered securities.

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SEC Sues California Operator Behind $26 Million Crypto Pyramid Scam

By CCN: On Thursday, the U. S. Securities and Exchange Commission (SEC) filed a civil injunctive action against the operator of an alleged pyramid scheme that raised $26 million from investors. The defendant in the case is Daniel Pacheco, 45, a resident of San Clemente, California who has been charged by the SEC with selling unregistered securities as well as operating a multimillion-dollar cryptocurrency pyramid scheme.

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Smell Something Fishy? The CFTC Will Pay You to Report Crypto Scams

Nestled in the exhibition room at this year’s Consensus conference, the U. S. Commodity Futures Trading Commission (CFTC) had a message for conference goers as they weaved in and out of booths representing various projects and startups in the space: “Be on the lookout for virtual currency fraud” and if you see it, let us know.

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Atonomi Token Accused of Offering Unregistered Securities Could Return $25 Million to Investors

Atonomi Token, a virtual currency that was released to the market is currently facing some legal issues after being accused of selling unregistered securities. The information was released by the recognized cryptocurrency lawyer in the community, Stephen Palley, on April 26.

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SEC, CFTC Issue Investment Warning on Crypto Scams

Sensing a rise in crypto-related scams and fraudulent investment schemes, the U. S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a joint warning to investors, encouraging them to take a more thorough approach to verifying potential investments in the space.

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New ICO Class Action Website Springs Up for Crypto Investors Suffering Financial Losses

Initial Money Offerings (ICOs) have developed a negative reputation and many investors seem to find themselves dissatisfied with platforms skirting securities laws. Notable actions against ICOs include Ripple Labs and Bitconnect.

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MIT Bitcoin: Legislators Discuss Regulation, Potential of Blockchain Tech

On March 9–10, 2019, the Massachusetts Institute of Technology hosted a two-day event, the MIT Bitcoin Expo 2019. Put together by the student-organized MIT Bitcoin Club, the conference welcomed more than just Bitcoin voices from every corner of the industry.

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Gladius Gets Reprieve from the SEC and Returns its ‘Unregistered ICO’ Cash

CoinSpeaker Gladius Gets Reprieve from the SEC and Returns its ‘Unregistered ICO’ Cash Gladius Network LLC self-reports to the SEC for overseeing an unregistered ICO enabling them to avoid penalties provided that they pay all the investors who request for a refund.

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