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Investors in Paragon's $12 Million Cannabis Crypto ICO Will Finally Get Some Money Back

Amy Liu

Summary: Today, the Securities and Exchange Commission (SEC) said it is beginning the process of distributing the $175,000 Paragon paid in civil penalties to aggrieved investors. In April 2020, ParagonCoin went bust. The “decentralized solution for the cannabis industry,” which raised $12 million in a 2017 initial coin offering (ICO), said it would file for bankruptcy after being ...

Today, the Securities and Exchange Commission (SEC) said it is beginning the process of distributing the $175,000 Paragon paid in civil penalties to aggrieved investors.

In April 2020, ParagonCoin went bust. The “decentralized solution for the cannabis industry,” which raised $12 million in a 2017 initial coin offering (ICO), said it would file for bankruptcy after being pursued by the SEC for an unregistered securities sale.

By Amy Liu

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Link: Investors in Paragon's $12 Million Cannabis Crypto ICO Will Finally Get Some Money Back   [Copy]
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