Category «ICO news»

Block.one Settles EOS ICO Class-Action Lawsuit for $27.5 Million

www.financemagnates.com 14 June 2021 04:39, UTC Block.one, the issuer of the EOS token, announced last week that the company has agreed to settle a class-action lawsuit brought against its initial coin offering (ICO) by paying $27.5 million. The lawsuit was brought against the blockchain company by the Crypto Assets Opportunity Fund. “Block.one believes this lawsuit …

Block.one Settles for $27.5 Million In EOS ICO Class-Action

decrypt.co 13 June 2021 16:22, UTC Block.one, the crypto company behind the EOSIO blockchain, has agreed to pay $27.5 million in a class-action lawsuit over its $4 billion ICO for EOS. When the judge settles things up, Block.one must pay out money to claimants that invested in the ICO. “Block.one believes this lawsuit was without …

Top ICO projects listed on CoinList – Casper, Mina and Covalent

cryptoticker.io June 06 2021 20:38, UTC Casper, Mina and Covalent: New ICO coins to keep an eye on. Covalent objective is to make data analysis easier Casper is aiming is to boost the adoption of blockchain and smart contracts An Initial Coin Offering (ICO) is the cryptocurrency term equal to an Initial Public Offering (IPO). …

ICO fraudster pleads guilty to $7m Covid-relief loan scam

cointelegraph.com April 21 2021 06:32, UTC A 24-year-old New York resident has pleaded guilty to acquiring more than $7 million in Covid-19 relief through fraudulent loan applications and misleading investors in a fraudulent initial coin offering during 2018. According to an April 20 announcement from the U.S. Department of Justice, Taiwanese national, Justin Cheng — …

Refinable Will Be The First Binance-Exclusive Polkastarter IDO

cryptodaily.co.uk April 20 2021 07:36, UTC Refinable is the first marketplace for NFTs on the Binance Smart Chain, backed by Mr. Beast and Binance. Refinable is targeted at investors to enable them to accomplish an array of functions with NFTs in a hassle-free manner.  Investors can trade and leverage their positions while simultaneously allowing developers …

Occam just completed a hugely successful initial decentralized exchange offering (IDO)

cryptoslate.com April 19 2021 16:45, UTC Occam Finance has conducted a hugely successful initial decentralized offering (IDO) on its proprietary OccamRazer platform, selling 200,000 OCC tokens in less than 20 seconds. And while the oversubscribed offering left most of the 150,000 prospective buyers empty-handed, it stands as a proof-of-concept of the platform’s efficiency. The first …

Centra Tech Founder Sentenced to 8-years in Prison For $36M Crypto ICO Fraud

coingape.com March 05 2021 15:07, UTC Sohrab “Sam” Sharma, the founder of defunct cryptocurrency firm Centra Tech was sentenced to 8-years in prison for duping investors out of $36 million. The firm had hired high-profile celebrities including Floyd Mayweather and DJ Khaled whom the firm paid for promotions to lure more investors. Sharma pled guilty …

Centra Tech co-founder sentenced to eight years in prison for fraudulent ICO

www.theblockcrypto.com 05 March 2021 12:54, UTC A federal judge has sentenced a lead defendant in the Centra Tech case to eight years in prison. Centra co-founder Sohrab Sharma previously plead guilty to conspiring to commit securities fraud, wire fraud and mail fraud in relation to an allegedly fraudulent initial coin offering (ICO) scheme.  Sharma and …

Floyd Mayweather-backed Centra ICO Founder Gets 8 Years in Prison

decrypt.co 05 March 2021 08:13, UTC The Department of Justice in the Southern District of New York sentenced Sohrab Sharma, one of the co-founders of the infamous crypto project “Centra Tech,” to eight years in prison yesterday. The project raised over $25 million in an initial coin offering (ICO) in 2017 before it was flagged …