🚀Flyfish Club settles with SEC, pays $750,000! 💰

Flyfish Club was targeted by the SEC for "unregistered crypto asset securities offering" and finally agreed to pay $750,000 to settle. The project raised $14.8 million by selling 1,600 NFTs to build a high-end restaurant and bar in New York City. Although Flyfish did not admit or deny the findings, it agreed to destroy all NFTs and waive future royalties. The restaurant is expected to open this month. What do you think? See you in the comments!