NFT project Flyfish Club agrees to pay $750,000 to settle with the US SEC over unregistered securities issuance

According to BlockBeats, on September 17, TheBlock reported that the NFT project Flyfish Club agreed to pay $750,000 as part of its settlement with the U.S. Securities and Exchange Commission (SEC). The SEC said in a court document on Monday that Flyfish “issued crypto asset securities without registration.” The project earned $14.8 million by selling 1,600 NFTs to U.S. investors. Flyfish also told investors that they could make a profit by reselling these NFTs in the secondary market.

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