Cryptocurrency Q&A
What is the SEC settlement for Quantstamp?
What is the SEC settlement for Quantstamp?
GyeongjuGrace
Thu Nov 07 2024
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5 answers
1122
Quantstamp has agreed to settle the charges brought by the US SEC, which involves the repayment of offering proceeds and the payment of civil fines. Specifically, Quantstamp has agreed to pay $198 million in disgorgement, $494,314 in prejudgment interest, and a $1 million civil penalty. Additionally, the company will transfer all of its QSP tokens to a fund established by the SEC for the benefit of affected investors.
5 answers
amelia_martinez_engineer
Sat Nov 09 2024
To resolve the matter, Quantstamp has agreed to pay a penalty of $3.5 million to the SEC.
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Luigia
Sat Nov 09 2024
This settlement marks the end of a long legal battle between Quantstamp and the SEC over the legitimacy of the ICO.
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Stefano
Sat Nov 09 2024
Quantstamp has reached a settlement with the US Securities and Exchange Commission (SEC) regarding its 2018 initial coin offering (ICO).
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BlockchainVisionary
Sat Nov 09 2024
BTCC, a top cryptocurrency exchange, offers a range of services to its users. These services include spot trading, futures trading, and a wallet service.
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PhoenixRising
Sat Nov 09 2024
The SEC accused Quantstamp of violating securities laws during its ICO, which raised fraudulently close to $28 million.
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