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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: SlipMart on December 05, 2017, 05:12:24 AM



Title: [2017-12-05]Plexcoin scam-SEC bans their Initial Coin Offering (ICO)
Post by: SlipMart on December 05, 2017, 05:12:24 AM
                                                         https://bitzamp.com/wp-content/uploads/2017/12/plexcoin-240x172.png

The Securities and Exchange Commission announced Monday it halted a fraudulent ICO “falsely promising” over 1,000% returns. The regulator said this was the first case filed by its brand-new cybersecurity unit, aptly named Cyber Unit.

Initial coin offerings, the red-hot cryptocurrency-based fundraising method, have raised more than $3 billion this year by some estimates. They’ve come under the scrutiny of regulators across the world because they allow young companies to raise quick money without, in some cases, having to disclose proper information to investors

The Securities and Exchange Commission announced Monday it halted a fraudulent ICO "falsely promising" over 1,000% returns. The regulator said this was the first case filed by its brand-new cybersecurity unit, aptly named Cyber Unit.

Read More: https://bitzamp.com/plexcoin-scam-sec-bans-their-initial-coin-offering-ico/ (https://bitzamp.com/plexcoin-scam-sec-bans-their-initial-coin-offering-ico/)


Title: Re: [2017-12-05]Plexcoin scam-SEC bans their Initial Coin Offering (ICO)
Post by: bitcoinbox on December 05, 2017, 05:22:03 AM
I see it as good news. Maybe the end of ICO scams?

Here is another link:
http://www.twistmedia.site/us-governments-new-cyber-unit-files-its-first-charges-against-ico-scam/ (http://www.twistmedia.site/us-governments-new-cyber-unit-files-its-first-charges-against-ico-scam/)

SEC Cyber Unit Files its First Charges
White Papers are Now Evidence