Crypto Company Thor Technologies Ordered to Pay $903k in SEC Default Judgment Over Unregistered Securities
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Thor Technologies and founder David Chin lost default judgment against SEC, ordered to pay over $903k.
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SEC accused Thor and Chin of illegally selling $2.6M in unregistered crypto securities in 2018.
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Judgment includes disgorgement of $744,555 and prejudgment interest of $158,638.
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Permanent injunctions enforced against Chin and Thor regarding future crypto securities offerings.
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Judgment comes amid ongoing disputes between crypto industry and SEC under Chair Gary Gensler.