Blockchain security firm Quantstamp is under scrutiny from the United States Securities and Exchange Commission (SEC) for conducting an unregistered initial coin offering (ICO) in 2017.
The firm has agreed to return the $28 million raised during this ICO in response to the charges.
Quantstamp’s ICO Under Fire
In an announcement on July 21, the SEC formally charged Quantstamp, a California-based company, over the unregistered ICO of its „crypto asset securities.” The ICO, which took place in October and November 2017, raised over $28 million through the sale of its native QSP tokens to apporximately 5,000 investors.
Quantstamp planned to use the ICO proceeds to develop and market its automated smart contract security auditing platform. According to the SEC’s order, the firm emphasized the „large market potential” of its service, causing QSP buyers to expect an appreciation in the value of their tokens.
According to the SEC, Quantstamp failed to register its offering and sale of QSP toke
We współpracy z: https://cryptodaily.co.uk/2023/07/sec-brings-charges-against-quantstamp-over-28m-ico
