September 1, 2019 SEC reaches $10 million settlement with Bitqyck exchange over unregistered securities offering.

Bitqyck offered tokens representing fractional shares in the exchange and equity in a mining facility. This action follows a series of enforcement actions that the SEC has taken this month, including settlements with PlexCorps, Veritaseum, and SimplyVital Health. The projects are required to refund investors and pay additional penalties based on manipulative trading behavior and false statements to investors. SimplyVital Health offered tokens in a pre-sale under a SAFT agreement, but failed to register the offering with the SEC.