Quantstamp Agrees to $3.5 Million SEC Settlement Over Unregistered ICO
The SEC accused Quantstamp of offering its QSP tokens as an investment opportunity without registering the ICO as a securities offering. As part of the settlement, Quantstamp has established a "Fair Fund" to compensate investors who were affected by the unregistered ICO. The company will transfer its QSP token holdings to the administrator of the Fair Fund, where the tokens will be permanently disabled or destroyed.
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