📢【Blockchain News】Flyfish Club reaches a settlement with the SEC!

On Monday, NFT project Flyfish Club, LLC agreed to pay $750,000 as part of its settlement with the U.S. Securities and Exchange Commission (SEC). The SEC accused Flyfish of conducting an unregistered crypto asset securities offering, selling 1,600 NFTs to U.S. investors and making a profit of $14.8 million. These NFTs were sold to build a high-end restaurant and bar in New York City-Flyfish Club.

The SEC said that owning Flyfish NFTs is a way to become a member of the club and can be resold. Under the settlement agreement, Flyfish Club will destroy all Flyfish NFTs under its control within the next 10 days and will no longer accept future royalties from NFT sales. Flyfish did not admit or deny the SEC's findings.

Although the crypto market faces regulatory challenges, Bitcoin still shows strong vitality and continues to lead the market trend. 🚀