BTC-e renounced relation with A. Vinnik again

BTC-e commented on the allegations made against the detainee Russian citizen Alexander Vinnik
14 September 2017   2482

Well known cryptocurrency exchange BTC-e commented on the allegations made against the Alexander Vinnik, once again declaring that he is not the leader or the creator of the platform. This is reported by the RT.

We want to report that on September 6, 2017, we learnedabout the officially launched accusations by the US government against our company and Alexander Vinnik from public sources. In this regard, the BTC-e declares that since its inception the company has been carrying out its activities within the requirements and norms of the legislation of those countries where it was registered. Alexander Vinnik is not its creator or owner of the company. 
 

BTC-e team

The company noted that from now on BTC-e will take all necessary measures to protect its employees and its business reputation.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   197

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.