The US Securities and Exchange Commission has obtained a court order stopping the activities of Titanium Blockchain Infrastructure Services (TBIS), a blockchain startup whose ICO had raised $21 million from both local and international investors. Announcing the news in a press release, the SEC also revealed that the court had approved an emergency freezing of the company’s assets as well as the appointment of a receiver for the company. The SEC alleges that TBIS is involved in fraudulent activities that include deceiving investors about the company’s relationships with many big firms such as Boeing and The Walt Disney Company. ‘Like InvestingPowered by WPeMatico
