October 1, 2019 Block.One reaches $24m SEC settlement over unregistered $4b EOS token sale.

US participants were geo-blocked from participating in the sale, yet the SEC alleges some could circumvent this restriction, and Block.One directly advertised in the US. The EOS token sale was not registered as a securities offering in the US, nor an exemption. Block.One does not admit or deny any charges as part of the agreement, which does not claim fraud, only failure to register a securities offering.