NFT Project Flyfish Club Agrees to Pay $750,000 to Settle SEC Charges of Unregistered Securities Offering
Article is form Jinse
September 17, 2024
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Flyfish Club, LLC Agrees to Pay $750,000 to Settle SEC Charges
According to Golden Finance, NFT project Flyfish Club, LLC has agreed to pay $750,000 as part of a settlement with the U.S. Securities and Exchange Commission (SEC). In a court filing on Monday, the SEC stated that Flyfish "offered and sold unregistered securities" in the form of cryptocurrency.
The project raised $14.8 million by selling 1,600 NFTs to U.S. investors. Flyfish also represented to investors that they could profit by reselling these NFTs on the secondary market.
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