SEC application allocates $ 1.4 million seized from PlexCoin ICO to investors

According to Finance Magnates, on Thursday local time, the US Securities and Exchange Commission (SEC) wanted a court to apply for permission to allocate $ 1.4 million seized from the PlexCoin ICO to investors. Earlier news, since December 1, 2017, the United States Securities and Exchange Commission has continued to impose sanctions on the fraudulent ICO project PlexCoin, and in October 2019, finally ruled that PlexCoin paid a $ 7 million fine.