Block.one controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2019
SEC fines Block.one over unregistered ICO
Fine or penalty
Block.one was fined by the SEC over an initial coin offering that the regulator said the company conducted without registering it as a securities offering. Block.one agreed to pay the fine, but neither admitted nor denied the SEC's findings. The event was reported as an SEC fine of $24 million over the unregistered ICO.
The SEC fined Block.one $24 million over an ICO it said the company conducted without registering it as a securities offering. Block.one agreed to pay the fine but neither admitted nor denied the SEC's findings.
Source excerpt
According to the SEC, the company conducted the ICO between June 2017 and June 2018, raising several billion dollars' worth of digital assets, but did not register it as a securities offerings as stipulated by federal securities law.
Block.one has agreed to pay the fine, but has neither admitted nor denied the SEC's findings.
Blockchain technology company Block.one has been fined $24 million by the Securities and Exchange Commission (SEC) for running an unregistered ICO (initial coin offering).