SEC Lawsuit: Tierion to Refund Investors From Its $25 Million Token Sale
The U.S. Securities and Exchange Commission (SEC) has taken action against another startup in the crypto space for selling unregistered securities. Tierion, which raised $25 million in a token sale, has agreed to “return money to investors” and disable the trading of its token. SEC Brings Charges Against Tierion Over Its Crypto Offering Texas-based blockchain company Tierion Inc. has settled charges with the SEC for conducting an unregistered security offering when it sold the TNT token. The settlement followed the SEC’s order instituting cease-and-desist proceedings....
Related News
More than 100,000 investors are trying to participate in CasperLabs’ offering on CoinList, but only about 12,000 are likely to secure tokens. That’s about 10X more hopefuls than are likely to secure tokens in the sale.It’s the first of three phases to Casper’s token sale and commenced on March 23 at midnight UTC. Investors are competing for 800 million CSPR tokens at prices of $0.015, with the tokens subject to a 12-month lock-up. Participants are limited to purchasing between $100 and $1,000 worth of tokens each.If every investor invests the full $1,000 allocated to them, only 12,000....
The blockchain startup Tierion has raised $1 million in a seed funding round to continue developing its platform which verifies the integrity of a file, data, or business protocol through distributed ledger technology. The investment round was led by Blockchain Capital, Fenbushi Capital, and the Digital Currency Group. Tierion says its software gives developers the tools for building applications tethered to the blockchain. Tierion had made headlines earlier this year when it partnered with Philips Blockchain Lab to innovate medical data with digital ledger consensus. The company....
The lawsuit could be the first of many for the U.S.-listed crypto exchanges that offered LUNA or UST to customers. Binance.US, the sister company of global cryptocurrency exchange Binance, is facing a class-action lawsuit from investors for the sale of LUNA and TerraUSD (UST).A group of investors filed a class-action lawsuit in the Northern District of California on Monday, alleging that Binance sold unregistered securities in the form of LUNA and UST to investors and mislead them into buying them.The lawsuit was filed by law firms Roche Freedman and Dontzin Nagy & Fleissig on behalf of....
In a reversal of fortunes, Ripple’s XRP crashed drastically as investors reacted to a lawsuit from the Securities and Exchange Commission (SEC) alleging the token is illegal security. The US securities regulator charged San Francisco-based Ripple Labs and its two executives for allegedly selling $1.3 billion worth of XRP in an unregistered public sale. “We […]
Blockchain technology is an exciting field right now, as multiple companies and institutions all over the world are working on projects to harness this innovative protocol. Tierion, a company specializing in collecting data and recording it in the blockchain, recently announced the completion of their first project with the Philips Healthcare group. At the time of publication, not too many details regarding the partnership between Tierion and Philips Healthcare group were made available to the public. According to a tweet sent out by the official Tierion Twitter account, the first joint....