Posted 12/23/2023, 9:01:07 PM
SEC Fines BarnBridge DAO Over $1.7 Million For Allegedly Selling Unregistered Securities
- SEC slapped BarnBridge DAO with over $1.7M in penalties for allegedly selling unregistered securities
- BarnBridge offered product called "SMART Yield bonds" compared to asset-backed securities
- SMART Yield bonds secured over $509M in investments from investors
- BarnBridge surrendered nearly $1.5M worth of proceeds, co-founders paid $125K penalties each
- BOND trading dropped by Coinbase, currently at $3.89 after 4% 24 hour increase