SEC’s new cyber unit takes its first action to halt an Initial Coin Offering ‘scam’

The Securities and Exchange Commission has charged Canadian crypto company PlexCorp with violating securities laws by selling up to $15 million in an initial coin offering (ICO). ICO’s have seen explosive growth over the past year as fledgling companies have used them raise more than $3 billion in capital through various cryptocurrencies. However, experts have warned they can present… Read More