The company, based in Israel and the U.S., pulled in close to $45 million from the ICO. Regulators determined, though, the tokens were improperly classified and accused Enigma of the “unregistered offering of securities,” according to the article. The company agreed to a $500,000 penalty and will inform investors they can reclaim their funds.
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Enigma to Pay $500K in Settlement Over 2017 ICO
Blockchain company Enigma agreed to settle with the U.S. Securities and Exchange Commission regarding a 2017 initial coin offering (ICO). So reports The Block.
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