SEC Charges Blockchain Security Company Quantstamp With Conducting Unregistered ICO

07/25 17:50

The SEC has charged blockchain security company Quantstamp with conducting an unregistered initial coin offering (ICO) of crypto securities in 2017, allegedly raising over $28 million from roughly 5,000 investors. The company had planned to use the ICO proceeds to develop a protocol on the Ethereum blockchain that would provide automated security audits of smart contracts.

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