Airfox Ordered to Pay Back Investors of 2017 ICO

[kreslik.news]

Airfox, a company with some grand aims that didn’t quite come to fruition, has been hit with a civil penalty by the US Securities and Exchange Commission.

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The company has been ordered to contact all those that purchased tokens relating to its initial coin offering of October 2017, and inform them that they have the right to claim their money back, plus interest. This includes people that sold their tokens at a loss.

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The payouts will be made in US dollar, according to the token valuation at the time ... (read more)