SEC Charges Gig Economy Platform for $2.6 Million Unregistered Coin Offering
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The U.S. Securities and Exchange Commission (SEC) has charged Thor Technologies and its co-founders with conducting an unregistered securities offering. In 2018, the company minted and sold tokens to raise funds for its ‘gig economy platform,’ the development of which had not even started at the time. U.S. Securities Regulator Accuses Thor Technologies’ Management of Conducting Unregistered ICO The Securities and Exchange Commission of the United States has charged Thor Technologies, its co-founder and CEO David Chin and Matthew Moravec, co-founder and former CTO, with carrying out an unregistered offering of securities through an initial coin offering (ICO). Chin and
SEC Secures Victory Over Thor Technologies The renowned U.S. Securities and Exchange Commission (SEC) recently emerged victorious in securing a default judgment against Thor Technologies and its visionary, David Chin. This win underscores charges linked to an alleged $2.6 million unauthorized crypto asset securities offering. Unraveling the Court’s Decision Delving…