SEC Charges DJ Khaled & Floyd Mayweather-Backed ICO With Fraud

The U.S. Securities and Exchange Commission has charged the founders of the DJ Khaled and Floyd Mayweather-backed CTR Token with fraud, illustrating a push to purge the ICO (Initial Coin Offering) space of bad actors. Heavy Hitters According to an official statement from the U.S. Securities and Exchange Commission (SEC), the independent agency has charged two individuals &#8220;with orchestrating a fraudulent initial coin offering (ICO) that raised more than $32 million from thousands of investors<br />Read More<br />The post SEC Charges DJ Khaled &#038; Floyd Mayweather-Backed ICO With Fraud appeared first on Bitcoinist.com.

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