SEC hits Flyfish Club with charges for unregistered NFT offering

The US Securities and Exchange Commission (SEC) has charged Flyfish Club with conducting an unregistered offering of cryptoactive securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease and desist order, pay a civil penalty of $750,000 and comply with certain covenants,” the regulator noted. SEC fees (…)