What happened to Quantstamp crypto?

Quantstamp has agreed to a cease-and-desist order without acknowledging or denying the findings of the SEC. This agreement marks a significant turning point in the ongoing investigation and legal battle between the two entities.

As part of the agreement, Quantstamp will pay disgorgement totaling $1,979,201. This amount represents the profits or ill-gotten gains that the company is accused of obtaining through its actions.

In addition to the disgorgement, Quantstamp will also pay prejudgment interest of $494,314. This interest is calculated on the disgorgement amount and reflects the time value of money over the period during which the funds were held by Quantstamp.

Furthermore, Quantstamp has agreed to pay a civil penalty of $1 million. This penalty is imposed as a punishment for the company's alleged violations of securities laws and regulations.

The cease-and-desist order also establishes a Fair Fund. This fund will be used to return the monies paid by Quantstamp to injured investors. The creation of the Fair Fund is a crucial aspect of the order, as it ensures that those who have suffered financial losses due to Quantstamp's actions will receive some form of compensation.