Founder of fraudulent PlexCoin ICO goes to jail

Canadian court sentenced Dominic Lacroix, DL Innov Inc. founder to two month jail time
12 December 2017   2476

Canadian financial supervisory body – Québec’s Autorité des Marchés Financiers (AMF) – announced today, that Plexcorp founder Dominic Lacroix is sentenced to jail time for contempt of the court.

Earlier this year Quebec Superior Court already prohibited PlexCorp from selling its ICO token – PlexCoin, or soliciting and offering consumers any other investment into the company. Now, the contempt of the court charge resulted in a maximum penalty of two month imprisonment for Lacroix and $110 000 fines.

And Lacroix' problems don't end there. All of this is happening with the investigation still ongoing into his company – DL Innov Inc. All the assets and bank accounts are frozen until further notice, and AMF is looking into possible new charges against Lacroix and DL Innov Inc.

Also, Canadian law enforcements will probably take into account the report by US Securities and Exchange Commission, filed by the newly-established Cyber Unit, that Dominic Lacroix and DL Innov Inc. under the brand names of Plexcorp performed PlexCoin ICO, gathering since August 2017 up to $15 million from several thousands investors, promoting clearly false information by promising a 13-fold profit in a month's time.

Huobi to Launch Prime Lite IEO Platform

Huobi Prime Lite is a “niche project” with some tokensale differences from Prime platform and the first project on it will be ThunderCore
24 April 2019   94

Huobi will launch an improved initial exchange offer (IEO) platform called Prime Lite.

Representatives of the company note that Huobi Prime is a “niche project”. Listing requirements for this platform are the same as for the main IEO site. However, tokensale on the new platform will have several differences from Huobi Prime:

  1. Shorter listing cycle and more flexible listing schedule
  2. Trading allocations for users are more flexible
  3. To facilitate the development of HT (Huobi Token), all HT exchanged will be burnt

The launch of the new platform is scheduled for May 9th. The first IEO on Prime Lite will be ThunderCore, which develops a blockchain with a bandwidth of more than 1,200 transactions per second. The project plans to raise about $ 500 thousand.