Block.One Charged by SEC for Fraudulent

 EOS Blockchain mammoth Block.one paid a robust $ 24 Million charge to The Securities and Exchange Commission (SEC) for playing an ICO (Initial coin offering) with no registration with the SEC. Block.one is the EOS Blockchain engine, the underlying coin offering was run from 2017 to 2018 in which Block.one picked up $ 4.1 Million.

Stephanie Avakian from the SEC's Division of Enforcement stated in a report that Block.one played an unregistered ICO with the end goal of securing the move. one respected a gigantic Penalty.

News Source : TheCoinRepublic