SONM to Hold AMA for Community

SONM is rolling out the Questions and Answers session for the community once again on February 20, 2018, at 16:00 UTC
20 February 2018   462

SONM is the universal fog supercomputer powered by the Ethereum blockchain, designed for general-purpose computing, from mobile app hosting to video rendering to DNA analysis. Miners all over the world can leverage their idle computer power to become part of the SONM network.

SONM has announced in its official twitter account that it is rolling out the Questions and Answers session for the community once again on February 20, 2018, at 16:00 UTC.

SONM AMA announcementSONM AMA Announcement

The users can ask SONM team any questions using the hashtag #ASKSONM or on Sli.Do using the event code Z111. The team members will give answers to all users' questions on the official Youtube channel of SONM.

Currently, SONM is traded at such exchanges as Binance, Tidex, Liqui, KuCoin, OKEx, HitBTC, COSS, Yobit and EtherDelta.

At the moment of press, these are main market parameters of SONM:

Average price: $0,219646
Market cap: $78 984 702
24h volume: $848 344

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Centra Tech Inc. Co-Founder accused With Fraud by SEC

The US Securities and Exchange Commission (SEC) has charged Centra Tech Inc. co-founder, Raymond Trapani with ICO fraud  
25 April 2018   77

The charge came as the result of the SEC’s investigations into Centra’s controversial $32 million USD initial coin offering (ICO). Mr. Trapani is the third and final Centra co-founder to be accused for taking part in the ICO.

Raymond Trapani, a co-founder of Centra Tech Inc., has been charged by the SEC for his participation in “a fraudulent scheme connected with Centra’s 2017 ICO.” In 2017 Centra made headlines after enlisting celebrity approval from Floyd Mayweather and DJ Khaled. Two other firm`s co-founders, Sohrab “Sam” Sharma and Robert Farkas, were charged by officials earlier this month for their engagement  in the distribution of “CTR Tokens” to investors.

A changed variant of the SEC’s complaint demands that Trapani was the “mastermind of Centra’s fraudulent ICO,” with an SEC press release alleging that “Centra [was] marketed with claims about nonexistent business relationships with major credit card companies, fictional executive bios, and misrepresentations about the viability of the company’s core financial services products.” The SEC accuses Mr. Trapani and Mr. Sharma of “manipulat[ing] trading in the CTR Tokens to generate interest in the company and prop up the price of the tokens.”

We allege that the Centra co-founders went to great lengths to create the false impression that they had developed a viable, cutting-edge technology. 
Robert Cohen, Chief, SEC Enforcement Division’s Cyber Unit

 

The SEC has disclosed a text mail sent to Mr. Farkas and Mr. Trapani from Mr Sharma in what Mr. Sharma said to his colleagues “[w]e gotta get that s[***] removed everywhere and blame freelancers lol.” Mr. Trapani also demanded that Mr. Sharma “cook [him] up” a fraudulent document whilst the company was seeking to get CTR tokens listed on exchanges under misleading pretexts. Mr. Sharma replied to the request with “Don’t text me that s[***] lol. Delete.”

At the same time, the U.S. Attorney’s Office for the Southern District of New York has also looked for criminal accusations against Trapani. The SEC has revealed that text messages  jointly used between Centra’s co-founders discovered the scam purposes of the defendants.