Envion AG ordered to end operations and liquidate

Envion AG ordered to end operations and liquidate

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 Envion’s native tokens were issued to over 30,000 investors.

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