News with the tag "bitclave"

The US Securities and Exchange Commission (SEC) announced that it has begun distributing $4.6 million to investors of BitClave’s infamous 2017 ICO. This payout comes out from a fair fund created after a 2020 settlement with the now-defunct crypto startup. BitClave raised $25.5 million in just ninety...

Some investors in defunct crypto startup BitClave will soon get their money back, plus interest, according to a Wednesday announcement from the U.S. Securities and Exchange Commission (SEC).

The payment is part of a settlement BitClave agreed to pay in 2020 after the SEC charged the search engine for failing to register as a securities offering.