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2020-02-19 21:33:15

Enigma ICO crackdown – SEC orders $50K fine and refunds

The Enigma ICO crackdown has reached a conclusion with some interesting outcomes. As the Securities and Exchange Commission increases the depth of its probe against Enigma ICO, it is unearthing more evidence. The latest ruling states that a suitable fine must be collected from Enigma, and refunds must be issued to the gullible investors. The probe began in 2017, and the firm is charged with raising capital via an unregistered securities offering. In its official statement, SEC said that the firm has reached a settlement agreement with the agency. Enigma has agreed to give back the investor’s funds through a