Cryptopia is delisting CryptoForecast

Cryptopia announced its delisting of CryptoForecast on April 28 due to coin platform change
12 April 2018   1057

On March 28 Cryptopia has issued a notification of CryptoForecast delisting. CryptoForecast is transitioning from its native omni layer towards ERC-20 token. The reason for that is that OMNI wallet had little market penetration and moreover omni layer is built upon bitcoin and works with it only. Also, with omni layer those exchanges that want to list CFT need an OMNI wallet with additional maintenance effort. And with an ETH wallet exchanges will welcome the listing.

Any users holding CFT coins need to see the email sent from Cryptopia for further information. It is recommended to withdraw the funds from the exchange by April 16 and research the procedure around the swap to ensure the safety and the success of the conversion. The exchange itself is not participating in the swap and whether the new ERC-20 token will be listed is not clear.

Do bear in mind that the network will be dropped prior to the delisting date (April 16th) and Cryptopia may not be able to send funds if the network starts to slow down or drop completely.

 

Excerpt from the Cryptopia notice

CFT developers will accept any questions or concerns regarding the swap. At the moment of publication, CryptoForecast market parameters are as follows

Average price: $0.006176

Market cap: $284,091

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   223

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.