"Scam" of the Savedroid ICO to be a "Joke"

Looks like not all members of cryptocurrency community liked such a humour 
19 April 2018   1187

The German Savedroid cryptocurrency project, which raised about $ 50 million at the ICO and bid farewell to investors this Wednesday, announced that its scam report is a joke that was organized, apparently, to promote a new product.

In the video,Hankir said that the ICO sphere is full of scammers, and scam is everywhere. Yesterday Savedroid showed investors how easy even a well-regulated start-up can hide with their money. According to CEO Savedroid, the current situation threatens the future success of cryptocurrency start-ups and requires active action.

Savedroid is ready to share their knowledge with regulators and authorities to make a difference, says Khankir. In addition, Savedroid launches 2 of its own services. The first of these will be an easy-to-use and free list of items for the ICO, which will allow "in just a few minutes to evaluate any ICO and take a weighted investment decision." The second product is a paid service for the organizers of ICO, which will allow them to develop a campaign that meets the requirements of the list from the first paragraph.

User's reaction to the "joke"
User's reaction to the "joke"

The community did not approve such a way to promote new services and attacked Hankir and his team on Twitter and Telegram.

Gladius to Register Token as Security & Refund Investors

Startup self-reported in SEC on unregisted securities offering and cooperate with Commission, so it won't be fined
21 February 2019   93

Cryptocurrency startup Gladius Network LLC has informed the US Securities and Exchange Commission (SEC) about the sale of unregistered securities. On February 20, the SEC filed relevant charges.

During the ICO, the Gladius project raised $ 12.7 million in cryptocurrency equivalent for the development of a network for leasing computing facilities to protect against cyber attacks. The SEC stressed that the startup did not register their tokens as securities, as required by federal law, and did not agree to exclude them from the rules in the legal manner.

Moreover, tokensale was held after the publication of the SEC report on the situation with The DAO, in which the regulator stated that ICO can offer securities.

The press release says that Gladius contacted the SEC in the summer of 2018 and expressed interest in cooperating with the investigation. Thus, the agency refused to levy a fine, because the startup voluntarily agreed to return the funds to investors who require it and register the token in accordance with the provisions of the Securities Act of 1934.