The US Securities and Exchange Commission (SEC) has settled with crypto exchange Bitqyck and its founders Bruce Bise and Sam Mendez over what the SEC believed was an unregistered token sale that raised $13 million. Bitqyck will pay a civil penalty of $8.5 million on top of disgorgement and prejudgment interest. For the two founders, Bise will pay $890,254 and Mendez will pay $850,022.
Read the full article here[1].
The media team is the collaborating entirety of the writing staff at ETHNews.
ETHNews is committed to its Editorial Policy[2]
Like what you read? Follow us on Twitter @ETHNews_[3] to receive the latest Securities and Exchange Commission, SEC or other Ethereum law and legislation news.
Securities and Exchange Commission
SEC
Bitqyck
Bruce Bise
Sam Mendez
References
- ^ here (www.coindesk.com)
- ^ Editorial Policy (www.ethnews.com)
- ^ Twitter @ETHNews_ (twitter.com)