Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else. $24M Fine

Order Instituting Administrative Proceedings, Making Findings and Imposing a $24 million penalty for conducting an unregistered Initial Coin Offering "worth several billion dollars" against, described as a Cayman Islands-domiciled "technology company" with "offices in Hong Kong and Blacksburg, Virginia", before the U. S. Securities and Exchange Commission. Editor's Note: On its website at,'s "Executive Team" is identified as Brendan Blumer, Daniel Larimer, Andrew Bliss, Steve Ellis, Alex Erasmus, Abby Blumer, James Mendes, Eddie Schwartz, Michael Alexander, Kokuei (Guo) Yuan, and Rob Jesudason. News reports have stated that's ICO raised $4 billion.

File Size: 117.86 KB





Cryptocurrencies;Regulatory;Securities & Investment




Case Number:

Xx Xx Xx


Unlicensed Activity



U. S. Securities and Exchange Commission



September 30, 2019

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Investigative Financial Documents

Many of the documents in our database cannot be found online anywhere else. Others can but not in one place. Our 24/7 monitoring of courts, regulators, and other sources saves you time and money.

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