đ„đ„Still not stopping. It doesn't give any relief.đ„đ„
Flyfish Club, the team behind the private club planned to be established in New York, has settled with the SEC for $750,000 in damages for allegedly promising profit expectations to NFT buyers.
They sold club memberships through NFTs between 2021 and 2022 and collected $14.8 million from approximately 1,600 NFT sales.
Flyfish must destroy all Flyfish NFTs in its possession by September 26 and stop collecting royalties from secondary sales.
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