Govt. Pauses SEC Suit Against $30 Mln ICO Amid Parallel Investigation Concerns

Cointelegraph

Published Apr 05, 2020 06:00AM ET

Updated Apr 06, 2020 09:20AM ET

Prosecutors have paused a United States Securities and Exchange Commission (SEC) lawsuit against the alleged operators of a $30 million fraudulent ICO amid concerns that proceedings may impact the integrity of a parallel investigation into the defendants.

The United States attorney’s office for New Jersey intervened in the case on April 2.

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