US SEC Seeks $16 Million Penalty from Token Sales Platform Operator
Marie Huillet's original article for cointelegraph.com reduced by 78%
The United States Securities Exchange Commission is seeking a default judgement against token sale platform ICOBox and its founder Nikolay Evdokimov. In a complaint filed on Sept. 18, 2019, the SEC had sued ICOBox and Evdokimov for operating an unregistered securities offering of roughly $14.6 million worth of digital assets in 2017, and operating as an unregistered securities broker.
The SEC's complaint in September alleged that ICOBox and Evdokimov facilitated the token sales of over 30 clients, who collectively raised over $650 million from investors.
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