Numerous ICO projects have been flagged as illegal securities. A lot of those companies are now under investigation by the SEC. The company behind BitQyck, which allegedly defrauded investors, had its founders agree to pay $8.4m in damages. This is a key development for current and future investigations. The BitQyck Scheme While many people assumed the BitQyck token was perfectly legitimate, it did not take long to notice something was amiss. Bruce Bise and Sam Mendez are the individuals founding this project and associated company. As part of their token sale, they sold two different assets to thousands of investors.
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