Block.one Announces Settlement with U.S. Securities and Exchange Commission

Block.one has reached a civil settlement with the U.S. Securities and Exchange Commission in connection with the company’s sale of an ERC-20 token between June 26, 2017 and June 1, 2018. Under the settlement, Block.one will pay a one-time fine of US$24 million, whilst neither admitting nor denying the SEC’s findings.