Streemit to Ban The Dark Overlord Account

As reported, the mentioned hacker group intended to public secret documents related to 9/11

09 January 2019 598

The social network on the blockchain Steemit has banned an account of a hacker group intending to make public documents with allegedly secret information about the events of September 11th. Reported by The Block.

The reason for the blocking was a violation of the terms of the user agreement. As the Motherboard notes, representatives of The Dark Overlord claim that they stole the relevant documents from various insurance and law firms, including Hiscox Syndicates, Lloyds of London and Silverstein Properties.

The source also reports that, based on the Steem technology, there are several other implementations of social networks, such as Busy.org and SteemPeak. The corresponding post and The Dark Overlord account in these social networks are still present.

ICO Blockchain

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 104

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.