Seems like he got off with barely more than a slap on the wrist. Which seems fair, considering he was clearly violating the law, yet remained honest with his customers.
Im mostly curious if the SEC will go after some of the issuers on btc-tc, many of which were not nearly as honest as Burnside. And when we can expect a statement regarding weexchange/bitfunder since its hard to imagine the SEC went after BTCTC while ignoring bitfunder.
Topic: News from Burnside and btc-tc (Read 773 times)
Such fond memories of BTC-TC.
Probably not a huge surprise the SEC was watching. They hate people (other than rich "institutional investors") having fun.
This reminds me of the Satoshi Dice settlement insofar as I am pretty sure EB did pretty well out of BTC-TC (way more than the $60k fine, surely).
Probably not a huge surprise the SEC was watching. They hate people (other than rich "institutional investors") having fun.
This reminds me of the Satoshi Dice settlement insofar as I am pretty sure EB did pretty well out of BTC-TC (way more than the $60k fine, surely).
So the SEC was on his back already at the time... what a shame, he was a great operator and he even paid back everything that was sitting unused on the website when he closed it. I hope he's doing fine anyway.
http://www.coindesk.com/sec-bitcoin-exchange-60000-securities-violations/
http://www.coindesk.com/sec-bitcoin-exchange-60000-securities-violations/
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