The Central District Court of California has issued a subpoena to the OPSkins Group and the Global Assets Exchange (WAX)

On August 15, the court issued a subpoena to OPSkins Group, WAX and several of its top executives in response to a civil suit filed by the Crypto Asset Fund and Digital Capital Management on August 12. The indictment involved 12 allegations, including fraud, illegal business practices and violations of the Securities Act of 1933 and 1934. According to the complaint, Crypto Asset Fund and its subsidiary Digital Capital Management pre-sold the $1 million ETH for WAX's ICO in October 2017, claiming that WAX should be registered with the US Securities and Exchange Commission.