TheBlock
2020-05-13 15:19:58

Lies, damn lies, and the Blockvest ICO litigation

Quick TakeThe SEC v. Blockvest is a lawsuit filed in 2018 seeking to enjoin the Blockvest ICO and return money to investors.In a much heralded early opinion, the Court initially refused to grant the SEC injunctive relief, which was taken as a victory of sorts by the crypto community at large.It turns out that the Defendants had submitted false and perjured evidenceThe Court has now issued a recommendation that the case terminate and judgement be entered in favor of the SEC and against the Defendants.

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