The Securities and Exchange Commission (SEC) and the crypto-company Block.one end their dispute with an out-of-court agreement. Therefore, to make a Block.one is a comparison of the sum of $ 24 million due to a non-registered ICOs figures. This referred between 2017 and 2018 on the Sale of the EOS (at the time an ERC-20 tokens) and Block.one of several billion US-Dollar. The company is expanding meanwhile, continue.
From Polina Khubbeeva
At the 2. October 2019BTC$8.242,13 -1.14%part Facebook Twitter LinkedIn xing mail
Block.one, the company behind the Blockchain platform EOS.IO, you must pay due to the issuance of unregistered securities in a multi-million dollar settlement amount. This is from a press release of the U.S. securities and exchange Commission. In this, the authority announced that it is pursuing the non-registered Initial Coin Offering (ICO). This ICO is brought to the Block.one, therefore, billions of dollars in profit within a year. The company also commented on the controversy in a press release on the website.
“Block.one reached an out-of-court settlement with the U.S. Securities and Exchange Commission (SEC) in connection with the Sale of an ERC-20 tokens between the 26. June 2017 and 1. June 2018,“ – said in the Statement. Thus, it is not the well-known EOS Token of the company. “Block.one will have to pay a single fine in the amount of $ 24 million, without confirming the allegations made by the SEC or deny.“ The affected tokens are also in circulation. Last year migrated EOS of Ethereum on the own EOSIO Mainnet.
Block.one with EOS ICO billion profit
Indeed, the comparison of the sum according to the experts, just 0,0058 percent of the ICOs. This consisted of the Sale of the original ERC-20 tokens on the Ethereum Blockchain and brought about 4 billion US dollars. Block.one started selling before the SEC published their guidelines for the registration of ICOs. Then the company kept the ICO for almost a year. A special permit or similar from the SEC, meanwhile, had not.
Block.one invests in Expansion
Meanwhile, the comparison Block seems.one not too much financial damage. After a few Successes, the company is currently working with high pressure on the construction of a new location in Arlington in front of Washington, D.C., The headquarters is located, however, in Hong Kong. In addition, the Block acquired.one for about $ 30 million in the Domain Voice.com. This man wants to expand to a Soical Media platform.
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