The U.S. Securities and Exchange Commission has charged yet another 2017 initial coin offering (ICO) project over securities violation. The project, known as Rivetz, allegedly sold a security in its native RvT token without registering with the commission. Rivetz was one of the many ICO projects that sprung up during the great ICO fever of 2017, when each new blockchain project claimed to be solving every other major global challenge. However, the company had been founded four years prior in 2013 by Steven Sprague, according to the regulator. Between June and September…
Rivetz ICO worth $18M charged in US over selling ‘worthless’ tokens
