SONM Partners with Hacken to Maintain Security Issues

SONM has announced a new strategic partnership with Hacken in order to gain security level of the SONM platform
03 April 2018   1452

SONM is a platform that offers general-purpose computing cloud-like services like IaaS, PaaS, based on fog computing as a backend, and computing power suppliers all over the world can contribute their computing power to SONM marketplace. On April 2, 2018 SONM has announced a new strategic partnership with Hacken, a group of enterprises created to maintain links between blockchain and cybersecurity communities, in order to gain security level of the SONM platform.

SONM and Hacken PartnershipSONM and Hacken Partnership

Dmitry Budorin, the senior manager and financial director at Hacken stated that in the present conditions information security is one of the most important factors in the successful work of any company. According to him, Hacken will help SONM test their system for the vulnerabilities that intruders could use in their interests.

A secure environment for user applications is the chief priority for our platform. For that reason I support this project, which is helping us to build that environment and give us the professional knowledge that we need.

Alexei Antonov

SONM, Co-founder

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

  • Average Price: $0,107554
  • Market Cap: $38 676 418
  • 24h Volume: $763 305

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   1957

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.