Distributed network security startup Gladius disbanded and failed to comply with SEC regulations to repay ICO investors

Distributed network security startup Gladius disbanded and failed to comply with US Securities and Exchange Commission (SEC) requirements to repay ICO investors. On November 22nd, the company's co-founder and chief technology officer, Alex Godwin, announced the official telegram group project: "We regret to inform you that Gladius Network LLC has immediately ceased operations and has applied for dissolution. Although we I did my best, but the company has no funds to continue to operate."
The company also promises that its maintained code base will be online for three months for anyone to use.