Abandon ShipChain! Logistics Startup Torpedoed by SEC Over $27M Unregistered ICO
Abandon ShipChain! Logistics Startup Torpedoed by SEC Over $27M Unregistered ICO
Supply chain startup ShipChain is taking on water fast. The U.S. Securities and Exchange Commission ordered ShipChain to cease and desist operations Monday and pay a $2.05 million penalty for violating securities laws in 2017. ShipChain, which had raised $27.6 million through its SHIP token initial coin offering (ICO), agreed to the penalty and quickly settled the suit. “The penalty represents…
View On WordPress















