Share this article
Alleged ICO Fraudster Pleads Not Guilty in New York Court
A New York businessman charged with defrauding investors in two initial coin offerings (ICOs) plead not guilty in court last week.
By Stan Higgins
Updated Sep 13, 2021, 7:13 a.m. Published Dec 4, 2017, 9:45 p.m.
A New York businessman charged with defrauding investors in two initial coin offerings (ICOs) plead not guilty in court last week.
As previously reported, Maksim Zaslavskiy was charged with conspiracy to commit securities fraud just over a month ago. Filings dated Dec. 1 indicate that Zaslavskiy pled not guilty to the charges. And according to a report from Crain's, Zaslavskiy secured a $250,000 bail requirement with a Brooklyn-based property as collateral.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The case against Zaslavskiy is connected to two ICOs – one claimed to have been tied to real estate and the other connected to precious stones – that prosecutors have alleged were fictitious in nature.
"As alleged, Zaslavskiy and his associates enticed investors by promising returns using novel ICOs even though Zaslavskiy knew that no real estate or diamonds were actually backing the investments," acting U.S. Attorney Bridget Rohde said last month.
News that the U.S. government was looking to charge the ICO organizer first broke in September when the U.S. Securities and Exchange Commission filed charges in a separate suit that cited registration and anti-fraud law violations in particular. At the time, the agency secured an asset freeze for two companies tied to the ICOs as well as Zaslavskiy himself.
Additional court filings from Dec. 1 indicate that the U.S. government and Zaslavskiy are discussing a possible plea deal.
Justice statue image via Shutterstock
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
What to know:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
Top Stories
