Cryptocurrency continues to exert its pressure on the markets US Securities and Exchange Commission (SEC) cryptocurrency phenomenon Ian WhaleHe sued.
SEC crypto investor and Youtuber Ian Balina, who went public off the record sparkster accusing him of participating in the ICO of his project.
The ICO of the project was completed in July 2018 and received from investors. 30 million dollars had gathered.
The following statements were included in the documents submitted by the SEC to the court:
“This lawsuit concerns Ian Whale’s unregistered offering and promotion of crypto-asset securities called SPRK Tokens in 2018.
A crypto-asset investor, supporter and influencer, Whale claimed that he can help people “make millions with initial coin offerings.”
He did not disclose the money he received from the issuer while promoting the tokens to the public. He also failed to file a registration statement with the SEC for tokens he resold using a pool of investments he had organized.”
Among the evidence presented to the court, Ian Balina’s Youtube, Telegram and Twitter posts were included.
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