[tunetine]

Add this to yesterday's Paris Hilton news and I'm pretty sure we've just spotted the top of the bubble.

[Animats]

Yes.[1] We're probably approaching the point where the SEC will do something to make ICOs do the same things IPOs are required to do. All they need is a good case. Look for "I put X into token Y because they said they were going to do Z. They didn't do Z, and instead, the people behind Z are buying yachts. And we know where they are."

[1] https://ftalphaville.ft.com/2017/09/04/2193198/paris-hilton-...

[davidgerard]

The SEC has been taking a surprisingly soft touch, but is actively phoning up ICO promoters to suggest they get it together: https://davidgerard.co.uk/blockchain/2017/09/01/the-sec-told...

[Animats]

The SEC is doing a good job, then. That gets the message across that a "take the money and run" ICO isn't going to end well for the promoters.

[davidgerard]

Note that Synthorn has absolutely no contact details available (and an anonymised whois) except an address to send them Ether. They have a promotional Facebook and Twitter, I suppose the SEC could subpoena them ...