Tagged: philip moustakis

June 26, 2020 @ 7:57 pm By JD Alois  |  

Telegram, the fast-growing social network that attempted to raise funds via a digital asset offering, has decided to settle an enforcement action initiated by the Securities and Exchange Commission (SEC). According to a release, the SEC has obtained court approval of a settlement with the… Read More

May 15, 2020 @ 12:00 pm By JD Alois  |  

Earlier this week, it was reported that Telegram has decided to abandon its initiative to launch a blockchain platform called TON (Telegram Open Network) and a cryptocurrency named Gram. The decision was the direct result of an ongoing enforcement action launched by the US Securities… Read More

March 10, 2020 @ 3:39 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has received a default judgment against ICOBox and founder Nikolay Evdokimov for conducting an illegal $14.6 million securities offering. In a release, the SEC said that Judge Dale S. Fischer of the United States District Court for the Central… Read More

February 20, 2020 @ 5:33 pm By JD Alois  |  

As we have previously reported, Telegram is engaged in a legal battle with the Securities and Exchange Commission (SEC) in what may be the biggest SEC cryptocurrency case yet.  One the one side, you have Telegram that raised over a billion dollars from a digital… Read More

January 7, 2020 @ 4:03 pm By JD Alois  |  

Telegram, issuer of one of the highest-profile token offerings of all time that raised $1.7 billion, is in the midst of a protracted legal battle with the Securities and Exchange Commission (SEC). Last October, the SEC filed an emergency action and obtained a temporary restraining… Read More

November 19, 2019 @ 7:23 pm By JD Alois  |  

Last week, Crowdfund Insider referred to several Securities and Exchange Commission (SEC) enforcement actions that addressed the sale of unregistered securities by issuers of initial coin offerings (ICOs). Penalties assessed by the SEC are now coming due for several prominent enforcement actions brought by the… Read More

October 15, 2019 @ 12:53 am By JD Alois  |  

Last week, Crowdfund Insider reported on the Securities and Exchange Commission (SEC) enforcement action against Telegram and the issuance of Gram tokens. The move by the SEC is a doozy and telling. First, Telegram sold about $1.7 billion in a SAFT (simple agreement for future… Read More

September 19, 2019 @ 2:25 pm By JD Alois  |  

Yesterday, Crowdfund Insider covered the Securities and Exchange Commission (SEC) enforcement action brought against ICOBox and its founder Nikolay Evdokimov. The complaint by the SEC specifically targeted ICOBox’s own initial coin offering (ICO) and the fact that ICOBox provided services to other ICOs acting like… Read More

June 4, 2019 @ 8:39 pm By JD Alois  |  

Kik’s Hail Mary Pass. As Crowdfund Insider reported earlier today, the Securities and Exchange Commission (SEC) has publicly revealed the allegations against Kik and the issuance of the Kin tokens. In 2017, Kik completed an initial coin offering (ICO) that raised a whopping $100 million… Read More

June 2, 2019 @ 1:47 pm By JD Alois  |  

Last week, Crowdfund Insider reported on the International Organization of Securities Commissions (IOSCO) consultation pertaining to “crypto asset trading platforms” or “CTPs.” As part of the consultation, IOSCO presented a series of issues and risks affiliated with digital assets and the trading of these assets… Read More

February 4, 2019 @ 11:48 am By JD Alois  |  

A former Securities and Exchange Commission Senior Counsel, Philip Moustakis, has joined the law firm Seward & Kissel LLP to support the firm’s Blockchain and Cryptocurrency Group. Moustakis worked in the SEC’s New York Regional Office and pursued many different investigations during his tenure including charges… Read More