More Than a Dozen Fraud ICOs Were Shut Down by the SEC in 2018

The Securities and Exchange Commission has published a paper summing up their work in the fiscal year of 2018. This year has been abundant with illegal activities in the sphere of digital assets, including ICOs

According to the report:

As of the close of FY 2018, the SEC had brought over a dozen stand alone enforcement actions involving digital assets and ICOs.”

The Commission put a special emphasis on fraudulent ICOs promoted by celebrities and the so-called “decentralized banks” that tend to flee with the investors’ money.

We remind you:

The SEC Creates a Special Department to Keep an Eye Open for ICOs

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