The Securities and Exchange Commission (SEC), after issuing a bundle of subpoenas in early 2018, is following up on settlements with cryptocurrency startups who raised funds through ICO's. Many companies feel that the SEC's expectations around regulation and settlement remain unclear, but instead of resisting, have quietly agreed to refund investor money and pay a fine. However, properly refunding the ICO participants is not always straightforward because some projects lack the buyers' information and only have an exchange address. (Source: Yahoo)
Arrested Tornado Cash developer Alexey Pertsev's appeal has been dismissed and he will remain in jail until at least late November, his wife tells The Block.