US SEC unit has filed the charges against fraudulent ICO

United States Security and Exchange Commission shuts down PlexCorp ICO and files charges against the founder
05 December 2017   2200

The investors were promised 1000% revenue in under a month, the team wasn't listed due to fears of them being poached by other companies, as was stated on their ICO page, and even the founder decided to stay anonymous. All of this contributed to SEC getting a closer look at the company.

The result of investigation being ICO closure and charges being pressed against PlexCorp founder Dominic Lacroix. All the anonymity byplay was for a good reason, it seems. Lacroix is quite famous, or infamous, in Canada for multiple violations of securities law. And his recent project, it seems, doesn't benefit anyone, except himself and his partner-in-crime Sabrina Paradis-Royer. Their ICO yield was above $15 million, but the investigation uncovered, that the funds went to their pockets and were spent on home decorations and personal expenses.

The commentary from the SEC states that this case checks all the points of being a full-fledged cyber scam and is exactly the type of fraud the unit is designed to prevent.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   332

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.