"The SEC announced that checks are on the way to investors affected by the BitClave ICO, recovering a total of $4.6 million as part of the settlement."
"BitClave's ICO raised $25.5 million in just 32 seconds during the 2017 boom, leading to significant investor interest and subsequent legal scrutiny."
"Following a lawsuit alleging securities violations, BitClave agreed to forfeit all raised funds and pay an additional $4 million in penalties to resolve the case."
"While the total amount potentially owed to investors was $29 million, only $12 million had been paid as of February 2023, raising questions about remaining funds."
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