Shopin founder charged by SEC for running $42 million scam cryptocurrency ICO. US Securities and Exchange Commission (SEC) has charged the founder of Shopin. Eran Eyal is accused of having operated an unregistered ICO without any project and documentation. Eyal launched an Initial Coin Offerings (ICOs) to raise funding to create universal shopper profiles, maintained on the blockchain, that would track customer purchase histories across online retailers and recommend products based on the collected data. The problem is that SEC believes that Shopin never created a functional platform.”]
Source: https://securityaffairs.co/wordpress/95083/breaking-news/shopin-unregistered-42m-ico.html