Express

SEC Orders Tierion To Refund Investors Of $25 Million ICO

Tracy CHEN

Summary: The US Securities and Exchange Commission (SEC) has busted yet another initial coin offering (ICO), this time Tierion for issuing TNT tokens, for violations of securities law. The regulator issued a cease and desist order against the blockchain company and ordered it to refund all tokens to investors. The data verification startup raised $25 million ...

The US Securities and Exchange Commission (SEC) has busted yet another initial coin offering (ICO), this time Tierion for issuing TNT tokens, for violations of securities law.

The regulator issued a cease and desist order against the blockchain company and ordered it to refund all tokens to investors. The data verification startup raised $25 million in July 2017 by selling 350 million TNT tokens.

Additionally, the company was fined $250,000 and have to disable trading of its tokens on the secondary market.

Tracy Chen

Last Update:

Tags: ,
Link: SEC Orders Tierion To Refund Investors Of $25 Million ICO   [Copy]
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 21 hours ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 4 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 5 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 8 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 9 days ago
  • You need to login to comment.