Source: The Next Web

Icobox: SEC sues cryptocurrency startup ICOBox for selling $14.6M worth of unregistered tokens

The Securities and Exchange Commission (SEC) has sued ICOBox, and its founder Nikolay Evdokimov, for allegedly running an illegal token sale worth more $14.6 million. According to the complaint, raised the funds in 2017 to create a platform for issuing initial coin offerings (ICOs). The SEC says the firm sold its "ICOS" tokens to more than 2,000 investors without registering them as securities. Defendants allegedly claimed the tokens would go up in value upon trading and that ICOS token holders would be able to swap them at a discount for other tokens available on the ICOBox platform. The complaint says the...This story continues at The Next Web

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Andriy Zinchuk's photo - CEO of Icobox

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Andriy Zinchuk

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ICOBox is a provider of blockchain growth promoter and business facilitator for businesses. Read more