U.S. Court Awards Default Win to SEC Against Thor Token Company and Founder David Chin

Cardano Developer Rejects SEC Claim Its ADA Token Is a Security

The court has barred Thor and Chin from participating in any crypto asset securities offering and ordered a disgorgement of $744,555 with prejudgment interest of $158,638.06. The order does not prevent Chin from purchasing or selling securities, including crypto-asset securities, for his own personal account.

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