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Against the SEC? Blockchain project Gladius Network disbanded the community, team suspected of running

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The project was shut down because it ran out of money.

The Gladius Network team announced in the telegraph community that the project would cease operation due to running out of funds. In the next three months, project tokens would still be available on GitHub. In addition, the announcement noted that the team is confident in its technology and welcomes community members interested in the project.

It is understood that the project's telegram group has been closed, the official website also published the announcement, investors who once participated in the project ICO has begun to protect their rights. After checking BlockBeats, it was found that the GitHub repository of the project has been updated less frequently since this year. In addition, the project Medium has not been updated since April this year, and Twitter is currently closed and cannot be viewed.

Gladius Network is not a new project. It is a dedicated solution to CDN and DDoS issues based on the eaeum blockchain, which has previously claimed to leverage the best parts of traditional DDoS protection software while providing better protection and CDN services at a lower price.

In fact, back in February, the project was accused by the U.S. securities and exchange commission of conducting an unregistered ICO offering that raised $12.7 million at the end of 2017. Gladius reported to SEC enforcement officials last summer that it was interested in taking swift remedial action and cooperating with the investigation. As a result, the SEC didn't impose a fine.

However, Gladius has also pledged to return funds to investors who bought tokens at icos and asked for their money back, register their tokens as securities and file regular reports with the SEC. However, three icos -- Airfox, Paragon and Gladius -- failed to meet their commitments to repay investors for losses among blockchain projects that settled with the SEC, according to a report by BlockBeats in November. At the time, Gladius had been granted an extension until Nov. 18, according to its website.

官方公告链接： https://gladius.io/

Silver block rhythm BlockBeats reminded, according to the circ and other five departments issued in August 2018 on the guard against in the name of the "virtual currency" "block chain" illegal fund-raising risk warning "file, please the public rationality block chain, don't blindly believe in reduction commitment, set up correct concept of money and investment philosophy, effectively raise the risk consciousness; To the illegal crime clue that discovers, can report to concerned branch actively reflect.