The cantonal court in Zug has ordered the crypto mining company, Envion AG, to end its business and slashed a liquidation order over an unauthorized initial coin offering (ICO). The company raised nearly $100 million on an ICO. The Swiss FINMA began probing the ICO in July. Investigations revealed that the Envionâ€™s native tokens were issued to over 30,000 investors.
Envion AG ordered to end operations and liquidateIncryptsNov 29, 20180
Feb 18, 2020
Feb 13, 2020