Block.one’s Unregistered ICO Attracts $24 Million Penalty from SEC

The Securities and Exchange Commission (SEC) has slapped the blockchain company, Block.one, with a $24 million civil penalty for unlawfully conducting an Initial Coin Offering (ICO). According to a report released from the SEC office dated September 30, 2019, the regulatory body stated that it had settled charges against Block.one for unlawfully initiating an ICO …