ICOBox News

The SEC won a default judgement against ICO-as-a-service platform ICOBox and CEO Nikolay Evdokimov.

The U.S. Securities and Exchange Commission, or SEC, has ordered that ICO broker ICOBox must pay $16 million after the startup failed to act on previous legal action from the commission. U.S. District Judge Dale Fischer of California sided with the SEC in a default judgement, after the alleged unregistered broker failed to respond to […]

ICO conductor and broker ICOBox must pay $16 million — the result of initial SEC legal action left unacknowledged by the startup

The ICOBox platform received a court decision in absentia, after failing to defend its side against the accusations of the US Securities and Exchange Commission (SEC). ICOBox Investigated for Aggressive Token Promotion ICOBox was sentenced to repaying $16M for acting as an unregistered broker. The startup reportedly organized multiple token sales which were deemed to represent unregistered securities. The US Securities and Exchange Commission started the action against ICOBox in September 2019, as part of […]

The United States Securities and Exchange Commission (SEC) is seeking more than $16 million in penalties from ICOBox. And its founder, Nikolay Evdokimov. The Commission states that ICOBox and its founder, Nikolay Evdokimov carried out the selling “ICOS” tokens as unregistered securities. According to a filing in the district court of California, the SEC is [...] The post SEC Wants $16 Million from ICOBox appeared first on Altcoin Buzz.

US Securities and Exchange Commission (SEC) wants to impose a 16 million dollars fine on ICOBox for the sale of unlicensed securities via initial coin offerings (ICOs). SEC to impose fine on ICOBox for unlicensed ICOs SEC has urged courts to issue a 16 million dollars fine on the crypto firm ICOBox and founder Nikolay Evdokimov. The filed charges claim that in September 2019, ICOBox conducted an unapproved ICO that put investors at risk. The ICO raised 14.6 million dollars during the event. SEC wants to impose 14.6 million-dollar fine as disgorgement penalties with an additional fine of 1.5 million

The SEC has asked a federal court in California to fine ICOBox more than $16 million for selling illegal ICOS tokens.