According to the SEC, Balina will persist in his acts of violations if a court does not legally restrict him. The SEC mentioned that Balina’s acts of promotion of SPRK violated several provisions of the Securities Act of 1933. The SEC demands that the crypto influencer disgorge all gains gotten from SPRK The watchdog alleged that Balina failed to reveal the remuneration he received for his promotion of the asset. Four years later, the SEC brings up a case against Balina. Skrumble Network provides global access to a secure communication system that enables user privacy and data ownership, all in one place. Ian Balina, CEO of AI-driven cryptocurrency research platform Token. The main category of this ICO is Banking and the script has graded Skrumble Network investment on the position number 1138 out of 4879 campaigns by the safety rank. As reported by our Skrumble Network ICO rating, this investment has a 3.1 out of 10 safety rank.The dominant ranking factor for this campaign is User Voting. Skrumble Network Using Blockchain Technology to Solve the Data Crisis Pundi X and American. Skrumble Network ICO investment analysis. This is considering his influence in the space then. Another, ProgPoW, would reduce the networks reliance on power-hungry and expensive. MetaHash Partners with Ian Balina and 100X Advisors. Notwithstanding, the token crashed by over 90%, resulting in millions in losses.īalina was at the receiving end of the heat from aggrieved investors following the crash. GLOBAL ACCESS Easily establish meaningful, secure communication transactions with anyone, from anywhere in the world. PRIVACY Using Skrumble Network’s decentralized protocols, ensure users have exclusive access to their shared data. Several investors jumped on the SPRK train following Ian Balina’s aggressive promotion of the asset. An impenetrable network layer to connect securely without having to worry about personal info being compromised. The crypto entity amassed a whopping $30M in its initial coin offering (ICO) in 2018. SPRK is the native token of the blockchain cloud network Sparkster. Skrumble Network provides global access to a secure communication system that enables user privacy and data ownership, all in one place. An impenetrable network layer to connect securely without having to worry about personal info being compromised. Ian Balina December 2017 1 Million Yes you read that correctly.
According to the complaint, the SEC accuses Balina of offering and promoting SPRK tokens which it classifies as securities in 2018 without prior registration. He had more time and money invested into these ICOs. The Securities and Exchange Commission filed the complaint in a United States District Court for the Western District of Texas on Monday.
The lawsuit alleges that Ian Balina promoted an unregistered security
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