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Pump Fun ICO raises $600M as PUMP traders dodge sale restrictions

Despite the ICO requiring buyers to go through a KYC process, analysis suggests that some wallets used dozens, if not hundreds, of addresses.

Bankera founders blew ICO funds on luxury real estate, report

Bankera’s founders raised €100M from more than 100,000 investors during a 2017 ICO, promising to create “a bank for the blockchain era.”

Dylan Kerler, the Pump Fun co-founder, has been linked to a shitcoin that rugpulled in 2017 when he was just 16-years-old.

Although early meme coins promised no utility, hundreds of newcomers are adding 2017 ICO-style utility as a way to attract attention.

The SEC is responsible for overseeing, regulating, and enforcing compliance on US securities offerings, but following its rules can be tough.