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Blockchain Start-Up Tierion Was Sentenced To Repay $25M In Funds And Interest To ICO Investors

Mary Liu

Summary: According to a public legal document, the SEC determined that the $25 million ICO of the blockchain startup Tierion violated the securities law, and ordered Tierion to repay $25 million in funds and interest. Holders of TNT tokens sold at a loss and ICO investors have 60 days to request a substantial refund from Tierion. ...

According to a public legal document, the SEC determined that the $25 million ICO of the blockchain startup Tierion violated the securities law, and ordered Tierion to repay $25 million in funds and interest. Holders of TNT tokens sold at a loss and ICO investors have 60 days to request a substantial refund from Tierion. Node operators can return TNT to Tierion at a price of 0.01 cents plus interest per coin. Tierion will also pay the SEC a fine of $250,000.

By Mary Liu

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Link: Blockchain Start-Up Tierion Was Sentenced To Repay $25M In Funds And Interest To ICO Investors   [Copy]
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