The US Securities and Exchange Commission (SEC) filed a lawsuit against the Dragonchain project, which held an ICO in 2017.
A new one has been added to the projects that have entered the SEC’s radar since it organized an ICO in 2017.
According to an official statement released today, the SEC has filed lawsuits against some businesses affiliated with Dragonchain and the project’s founder, John Joseph Roets.
Dragonchain team, held in 2017 $16.5 million as a result of the ICO and some transactions between 2019-2022 collected money.
According to the SEC’s statements, Dragonchain’s ICO for DRGN tokens was held from around the world. about 5 thousand investors contributed.
SEC holds ICO organized by Dragonchain illegal supply of securities considers it.