US SEC Cracks Down on Two More Initial Coin Offerings (ICOs)

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The SEC wrapped up settlements with two ICOs on Friday and published their orders. The ICOs were Airfox and Paragon. Together, they raised over $10 million from a few thousand investors. Following the settlement, they’ll both have to pay a penalty of $250,000 and refund investors’ money. They must also register as securities and report … Continue reading “US SEC Cracks Down on Two More Initial Coin Offerings (ICOs)”

Floyd Mayweather Jr. and DJ Khaled Sued for Endorsing Centra Tech ICO

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Investors put millions into the fraudulent crypto startup Centra Tech. And now, they want their money back.  Not only are they suing the company behind it, but the celebrities who endorsed it. That includes boxer Floyd Mayweather Jr. and entertainment mogul DJ Khaled — reportedly being sued for their roles in an alleged illegal cryptocurrency … Continue reading “Floyd Mayweather Jr. and DJ Khaled Sued for Endorsing Centra Tech ICO”