Crypto CEO responds to accusations of $600 million ICO fraud

The Securities and Exchange Commission on Tuesday announced it seized the assets of AriseBank and halted its initial coin offering. The company has touted partnerships with banks that do not exist, but says it will fight the SEC's accusations. The CEO of AriseBank, which had its $600 million initial coin offering shuttered by regulators last week, has released a lengthy statement vowing to fight the Securities and Exchange Commission’s accusations.

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