On September 17, COINOTAG reported that the NFT project Flyfish Club consented to a $750,000 settlement with the U.S. Securities and Exchange Commission (SEC). According to a court document, the SEC stated that Flyfish Club “issued crypto asset securities without registration.” The project accumulated $14.8 million by selling 1,600 NFTs to U.S. investors. Additionally, Flyfish indicated to investors that there was potential for profit by reselling these NFTs in the secondary market.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024