ICOBox Startup Fails to Acknowledge US SEC Action, Owes $16M
Cointelegraph
Published Mar 07, 2020 12:30PM ET
Updated Mar 07, 2020 02:02PM ET
ICOBox Startup Fails to Acknowledge US SEC Action, Owes $16M
The U.S. Securities and Exchange Commission, or SEC, has ordered that ICO broker ICOBox must pay $16 million after the startup failed to act on previous legal action from the commission.
U.S. District Judge Dale Fischer of California sided with the SEC in a default judgement, after the alleged unregistered broker failed to respond to the commission’s lawsuit against the startup from September 2019, according to a March 6, 2020 statement.
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Written By: Cointelegraph
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