Sparkster Settles With SEC, Agrees to Pay Back $35M to ‘Harmed Investors’ of 2018 ICO

Sparkster Settles With SEC, Agrees to Pay Back $35M to ‘Harmed Investors’ of 2018 ICO


Sparkster will pay $30 million in disgorgement, $4.6 million in prejudgement interest and a $500,000 civil penalty. The company also agreed to destroy its remaining tokens, remove its tokens from any trading platforms and publish the SEC’s order on its website. Daya will also pay a $250,000 civil penalty.

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