Express

SEC Sues Dropil Founders for Fraud After $1.8M Initial Coin Offering

Ramsey Baker

Summary: The founders of Dropil, the cryptocurrency automation developer, have been charged with been charged with unregistered $1.8 million initial coin offering (ICO) of the DROP token. The U.S. Securities and Exchange Commission (SEC) claimed in an announcement on Friday, that Jeremy McAlpine, Zachary Matar and Patrick O'Hara lied about Dropil’s financial status and DROP token ...

The founders of Dropil, the cryptocurrency automation developer, have been charged with been charged with unregistered $1.8 million initial coin offering (ICO) of the DROP token.

The U.S. Securities and Exchange Commission (SEC) claimed in an announcement on Friday, that Jeremy McAlpine, Zachary Matar and Patrick O'Hara lied about Dropil’s financial status and DROP token profitability to their investors, who they also misled by drastically overstating the success of their ICO.

By Ramsey Baker

Last Update:

Tags: ,,,,
Link: SEC Sues Dropil Founders for Fraud After $1.8M Initial Coin Offering   [Copy]
Next:

Related Articles

  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift 5 days ago
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING 6 days ago
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? 13 days ago
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... October 5, 2025
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... October 1, 2025

    • You need to login to comment.