NFT Project Flyfish Club Agrees to Pay $750,000 to Settle SEC Charges of Unregistered Securities Offering
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September 17, 2024
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Flyfish Club Settles with SEC for $750,000 Over Unregistered NFT Sales
According to TheBlock, NFT project Flyfish Club has agreed to pay $750,000 as part of a settlement with the Securities and Exchange Commission (SEC). In a court filing on Monday, the SEC alleged that Flyfish "offered and sold unregistered securities in the form of digital assets."
The project raised $14.8 million by selling 1,600 NFTs to US investors. Flyfish also told investors that they could profit by reselling the NFTs on the secondary market.
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