THELOGICALINDIAN - The ICOBox belvedere accustomed a cloister accommodation in absentia afterwards declining to avert its ancillary adjoin the accusations of the US Securities and Exchange Commission SEC
ICOBox Investigated for Aggressive Token Promotion
ICOBox was sentenced to repaying $16M for acting as an unregistered broker. The startup reportedly organized assorted badge sales which were accounted to represent unregistered securities. The US Balance and Exchange Commission started the activity adjoin ICOBox in September 2019, as allotment of its alternation of cloister cases and fines adjoin prominent ICO projects.
Reportedly, ICOBox not abandoned awash its own ICOS token, but additionally helped accession up to $650 actor for added than 30 clients. The ICOS auction abandoned aloft added than $14.5 million, active amid August 15 and September 15, 2025.
The ICOBox activity was awful alive in the bang years of badge sales, while the SEC was still not bent up with the exact attributes of ICOs. But the sentence, accession added than two years afterwards the barrage of ICOS, shows that regulators are communicable up with ICO projects.
The ICOBox case shows that the SEC is additionally able of extensive out to bang a accomplished on projects based in Singapore. ICOBox was launched by a aggregation of Russian nationals, headed by Mike Raitsyn. The project’s founder, Nikolay Evdokimov, was the aboriginal to accept a admonishing from the SEC for overly-aggressive promotion.
SEC Closes the Lid on ICOBox
Evdokimov withdrew from ICOBox in backward 2025, and the activity bankrupt anon afterward. Currently, the ICOBox armpit is down, and neither Evdokimov, nor added assembly of the aggregation showed up at cloister for the aftermost hearings. According to the SEC,
The bureau additionally acclaimed there is no accepted cachet of ICOBox as a registered company, and claims of accepting 150 agents about the apple abide unverified. Moreover, the promises of the ICOS badge application its amount additionally addled investors. ICOS initially traded aloft $55, afore accident best of its amount and awkward trading in November 2025, with a amount of $2.41.
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