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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.”

Pump Fun co-founder Dylan Kerler linked to 2017 ICO scams, report

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.

To help make the ICO seem legit, TBIS’s whitepaper claimed that the company had entered into partnerships with 25 big-name companies.