• Latest
NYSE Arca Filing Kicks Off Countdown for New Bitcoin ETF

SEC Seeks $16M From ICOBox for Unregistered Token Sale

January 10, 2020
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

SEC Seeks $16M From ICOBox for Unregistered Token Sale

coinnewsdaily by coinnewsdaily
January 10, 2020
in Tech
0
NYSE Arca Filing Kicks Off Countdown for New Bitcoin ETF
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

The U.S. Securities and Exchange Commission (SEC) is seeking more than $16 million in penalties from ICOBox for selling “ICOS” tokens as unregistered securities.

According to a filing in the United States District Court for the Central District of California, the SEC seeks a default judgment against Cayman Islands-based ICOBox and founder and CEO Nikolay Evdokimov, asking the judge to approve penalties as well as a lifetime ban from marketing or selling securities in the U.S.

The regulator also wants Evdokimov to pay a separate civil penalty of just under $190,000.

The SEC brought charges against ICOBox in September, claiming it had breached securities laws by selling ICOS tokens to investors without first registering with the regulator. The token sale had raised a total of $14.6 million from approximately 2,000 unaccredited investors in 2017.

The complaint alleges Evdokimov had promised ICOS would appreciate in value as projects started using ICOBox to host token sales. The original filing claims the company acted as an unregistered securities broker by facilitating 30 token sales that raised a collective $650 million.

The SEC originally warned projects in 2017 it would treat ICOs as unregistered securities sales. In November 2018 the regulator charged projects Airfox and Paragon with violating securities sale registration requirements. Crypto startup Gladius Network announced in November it was closing its operations after settling charges with the regulator and refunding investors $12.7 million.

The SEC filed its motion to the federal court for a default judgment that, if granted, would force ICOBox and Evdokimov to pay the penalties to the SEC in 14 days.

Read the full filing below:

Read SEC counsel Amy Jane Longo’s declaration here:

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Credit: Source link

Tags: Crypto Tech
Share76Tweet48
Previous Post

Price Analysis Jan 10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XMR, TRX

Next Post

ANALYSIS: The Global Game of Coins Heats Up

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
ANALYSIS: The Global Game of Coins Heats Up

ANALYSIS: The Global Game of Coins Heats Up

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,044.000.80%
  • ethereumEthereum(ETH)$1,580.510.69%
  • tetherTether(USDT)$1.000.59%
  • binancecoinBNB(BNB)$306.810.65%
  • rippleXRP(XRP)$0.4111851.29%
  • cardanoCardano(ADA)$0.3845461.88%
  • dogecoinDogecoin(DOGE)$0.0889583.86%
  • matic-networkPolygon(MATIC)$1.150.93%
  • okbOKB(OKB)$38.808.96%
  • solanaSolana(SOL)$24.181.33%
  • polkadotPolkadot(DOT)$6.450.99%
  • shiba-inuShiba Inu(SHIB)$0.0000123.33%
  • litecoinLitecoin(LTC)$88.060.86%
  • tronTRON(TRX)$0.0626170.51%
  • daiDai(DAI)$1.000.00%
  • cosmosCosmos Hub(ATOM)$13.342.24%
  • chainlinkChainlink(LINK)$7.250.86%
  • leo-tokenLEO Token(LEO)$3.75-2.03%
  • moneroMonero(XMR)$182.775.79%
  • ethereum-classicEthereum Classic(ETC)$21.780.39%
  • bitcoin-cashBitcoin Cash(BCH)$133.39-0.71%
  • stellarStellar(XLM)$0.0929431.99%
  • crypto-com-chainCronos(CRO)$0.0809410.66%
  • filecoinFilecoin(FIL)$5.280.46%
  • algorandAlgorand(ALGO)$0.2572083.38%
  • vechainVeChain(VET)$0.023994-0.33%
  • internet-computerInternet Computer(ICP)$5.94-0.21%
  • aaveAave(AAVE)$85.38-2.96%
  • eosEOS(EOS)$1.09-1.54%
  • elrond-erd-2MultiversX(EGLD)$44.572.04%
  • theta-tokenTheta Network(THETA)$1.09-1.06%
  • tezosTezos(XTZ)$1.110.37%
  • paxos-standardPax Dollar(USDP)$1.000.10%
  • bitcoin-cash-svBitcoin SV(BSV)$43.49-0.97%
  • huobi-tokenHuobi(HT)$5.091.17%
  • havvenSynthetix Network(SNX)$2.46-2.00%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.991.43%
  • iotaIOTA(MIOTA)$0.236841-1.70%
  • makerMaker(MKR)$658.230.99%
  • zcashZcash(ZEC)$45.20-0.67%
  • neoNEO(NEO)$8.220.56%
  • dashDash(DASH)$50.710.06%
  • zilliqaZilliqa(ZIL)$0.0296974.30%
  • compound-governance-tokenCompound(COMP)$56.404.65%
  • basic-attention-tokenBasic Attention(BAT)$0.2604360.12%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • nemNEM(XEM)$0.038711-1.65%
  • kusamaKusama(KSM)$36.743.09%
  • bitcoin-goldBitcoin Gold(BTG)$17.12-0.66%
  • wavesWaves(WAVES)$2.790.87%
  • qtumQtum(QTUM)$2.64-0.78%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • sushiSushi(SUSHI)$1.310.44%
  • yearn-financeyearn.finance(YFI)$7,624.431.32%
  • golemGolem(GLM)$0.2478060.23%
  • omisegoOMG Network(OMG)$1.491.40%
  • ontologyOntology(ONT)$0.214501-1.28%
  • digibyteDigiByte(DGB)$0.010771-1.36%
  • umaUMA(UMA)$2.04-0.29%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%