Shopin founder charged by SEC for running $42 million scam cryptocurrency ICO

Published: December 13, 2019 | by Bitcoin Press News Team

The US Securities and Exchange Commission (SEC) has charged the founder of Shopin, Eran Eyal, for allegedly running $42 million scam ICO.

The Securities and Exchange Commission today charged a digital-asset entrepreneur and his company with defrauding investors in an initial coin offering (ICO) that raised more than $42 million from hundreds of investors.” reads the press release published by SEC.

Eran Eyal, the founder of UnitedData, trading as Shopin, is accused of having operated an unregistered ICO without any project and documentation.Eyal launched an Initial Coin Offerings (ICOs) to raise funding to create universal shopper profiles, maintained on […]