1905, 2020
Class action lawsuit filed against Block.one, the company behind EOS
The company that conducted the initial coin offering (ICO) for the EOS token, Block.one, has had a class-action lawsuit filed against them in the Southern District of New York. The suit alleges that the company defrauded the plaintiffs through a year-long illegal ICO that raised more than US$4 billion but left investors with an unregulated asset.
1010, 2019
Lawyers weigh in on Block.one settlement
While the blockchain industry comes to terms with the settlement between Block.one and the SEC, crypto lawyers are explaining the implications for token projects.
210, 2019
Block.one settles with the SEC
Block.one has been fined $26 million by the U.S. Securities and Exchange Commission over its unregistered 2017 Initial Coin Offering. The fine is being interpreted as sending a mixed signal.
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