Sentences with phrase «against centra»

The US Securities and Exchange Commission (SEC) filed charges against the Centra Tech initial coin offering (ICO) on Monday, alleging that the token sale — which was promoted by legendary boxer Floyd Mayweather — was a fraudulent securities offering.

While Binance did not directly name the reason, its warning likely has to do with the investigation the SEC launched against Centra Tech earlier this week on April 2.

I think one significant piece today (though not affecting the majors) is the legal action taken by the SEC against Centra and their CTR token.

Not exact matches

Most recently, the agency brought charges against an additional defendant involved in the fraudulent initial coin offering (ICO) scheme conducted by Centra Tech Inc..

For the record, Centra Tech initially ran into trouble with the SEC after the government agency issued a warning to caution cryptocurrency enthusiasts against celebrity - backed ICOs.

Co-founders of digital currency Centra, Sam Sharma and Robert Farakas, were arrested on 1 April, a day before the US SEC released a complaint against the men and announced that the project would be halted.

The centralized part of the Centra Network allows users to trade assets against Bitcoin, Ethereum, and more while the decentralized part of the exchange allows for trading of all ERC20 currencies against Ethereum.

At the same time, the SEC has taken legal action against the founders of Centra Tech — a scam ICO backed by celebrity endorsements from DJ Khaled and Floyd Mayweather.

On April 2, the Securities and Exchange Commission filed fraud charges against Sohrab Sharma and Robert Farkas, the co-founders of Centra Tech.