The U.S. Securities and Exchange Commission (SEC) has sued Thor Technologies and its CEO, David Chin, for selling unregistered securities.
SEC December 21 on, Thor Technologies and CEO David Chin about 2018 token issued in public offering (ICO) during off the record movable value issuance to the U.S. District Court of San Francisco, citing a violation of the law filed a complaint.
In the statement given, Thor Technologies’ 2018 of the year March and May made between the months of Thor (THOR) in token supply 1,600 from the investor in total 2.6 million It was alleged that he collected dollars. According to the information provided by the institution, approximately 200‘ü in the USA residence was doing and all qualified investor have the status was not. The SEC states that this is under the securities law, live female movable value sale water seller claimed to constitute.
On the other hand, another point in the file is Thor Technologiesin those years independent employees and operating in this industry companies for one software platform claimed to develop this project, but not completed it happened. According to the statements of the SEC, at the time of the IPO your tokens any function did not have and because the venture failed 2019 in the year its activities end given.
The SEC is fundamental to most cryptocurrencies. digitized movable values He has said it many times before. SEC Chairman Gary gensin the past Bitcoin (BTC) and Ethereum (ETH) Ethereum accepts all cryptocurrencies as securities. from the proof-of-work system (PoW) to the proof-of-stake system (PoS) with the transition movable valorised He suggested that it might.