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Overstock.com reveals SEC investigation into it’s cryptocurrency token sale...
Published 8:32 AM ET Thu, 1 March 2018 Updated 5:45 PM ET Thu, 1 March 2018CNBC.com
Published 8:32 AM ET Thu, 1 March 2018 Updated 5:45 PM ET Thu, 1 March 2018CNBC.com
- In an 8-K filing Thursday with Securities and Exchange Commission, Overstock.com disclosed that in February, the commission requested "certain documents related to the Offering and the Tokens in connection with its investigation."
- Overstock.com's subsidiary tZero is raising $250 million through a token sale.
- On Wednesday, The Wall Street Journal reported, citing sources, that the SEC has issued "scores of subpoenas" that include demands for information about initial coin offerings.
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