ATBCoin Hit With Class-Action Lawsuit After $20 Million ICO

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Blockchain startup ATBCoin was hit with a class-action lawsuit, making it the latest in a string of projects to be sued by investors following initial coin offerings (ICOs). ATBCoin Hit With Class-Action Lawsuit Filed on Dec. 21 in the Southern District of New York, the lawsuit (PDF) alleges that ATBCoin and its operators violated the Securities Act by conducting a securities offering without registering with the U.S. Securities and Exchange Commission (SEC).

Source: ATBCoin Hit With Class-Action Lawsuit After $20 Million ICO

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