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SEC Cyber Unit Targets PlexCoin

By Trevor Dodge on December 6, 2017

On December 4, the SEC’s new Cyber Unit announced it obtained an emergency asset freeze to halt the initial coin offering (“ICO”) of PlexCoin. According to the SEC, the Plexcoin ICO had raised up to $15 million to date through the fraudulent sale of unregistered securities.

This is the first-ever…

Posted in Cryptocurrencies, Enforcement Action, Initial Coin Offerings, Regulation: Federal, SEC
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