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Sale
A man claiming to be a Coinbase client has filed suit against the exchange for its sale of the token XRP. According to the complaint filed in the Northern District Court of California, Thomas C. Sandoval, the plaintiff, alleges Coinbase knowingly sold XRP as an unregistered security and gained commission on these sales. Additionally, the...
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The Graph has raised $12 million in a public sale of its native GRT token. The foundation building out the decentralized data protocol announced the close of its sale Wednesday in a blog post. The token sale reached 4,500 individuals, the foundation said, with the team geofencing U.S. investors from participating due to compliance reasons....
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A U.S. judge ruled Wednesday that Kik violated securities law when it raised $100 million via a token sale in 2017. Judge Alvin Hellerstein, a U.S. district judge for the Southern District of New York, wrote that in his view, Kik’s “token distribution event” (TDE) satisfied the three prongs of the Howey Test, referring to...
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