US SEC stops fraudulent ICO

The Securities and Exchange Commission (SEC) has stopped an allegedly fraudulent ICO and charged the "blockchain evangelist" behind the scam.

The SEC has obtained a court order halting an ongoing fraud involving an initial coin offering (ICO) that raised as much as $21 million from investors in and outside the US.

The court also approved an emergency asset freeze and the appointment of a receiver for Titanium Blockchain Infrastructure Services Inc., the firm behind the alleged scheme.

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