SEC Orders ICO Startup to Return $25.5M to Investors
Cointelegraph
Published May 29, 2020 09:12AM ET
Updated May 30, 2020 11:20AM ET
The United States Securities and Exchange Commission (SEC) has ordered cryptocurrency firm BitClave to return $25.5 million to investors.
In a May 28 announcement, the SEC announced charges against the California-based cryptocurrency startup. The regulator found BitClave to be responsible for selling unregistered securities in its initial coin offering. Chief of the SEC Enforcement Division’s Cyber Unit Kristina Littman commented:
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Written By: Cointelegraph
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