BitClave
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·EuXgc6…3UxcSummary
BitClave PTE Ltd. was a Singapore-incorporated, San Jose-based blockchain startup that raised approximately $25.5 million in 32 seconds through the sale of Consumer Activity Tokens (CAT) during its November 2017 ICO. In May 2020, the U.S. Securities and Exchange Commission charged BitClave with conducting an unregistered securities offering, resulting in a settlement requiring disgorgement of $25.5 million, prejudgment interest of $3.44 million, and a $400,000 civil penalty. The promised BitClave Active Search Ecosystem platform was never delivered, the company ceased operations, and as of 2026 only a fraction of the settlement obligation had been distributed to investors through a SEC-administered Fair Fund.
Connected Entities
1 entities- + 1 more
Timeline(11 events)
15 July 2017
BitClave PTE Ltd. incorporated in Singapore (registration number 201719788E).
SGP Business Singapore company registry25 July 2017
Consumer Activity Token (CAT) pre-sale begins; approximately $22 million raised in private and public pre-sale phases.
Coinspeaker / CoinDesk29 November 2017
Official main-sale ICO launches; $25.5 million hard cap reached in approximately 32 seconds. Approximately 9,500 investors participated including U.S. persons.
Baker McKenzie Blockchain Blog / SEC Order28 May 2020
SEC institutes and simultaneously settles administrative cease-and-desist proceedings against BitClave PTE Ltd. (File No. 3-19816) for conducting an unregistered $25.5 million ICO in violation of Sections 5(a) and 5(c) of the Securities Act of 1933. Settlement: $25.5M disgorgement + $3.44M prejudgment interest + $400K civil penalty = ~$29.3M total obligation.
SEC Press Release 2020-12422 April 2021
SEC appoints Kurtzman Carson Consultants LLC (KCC) as Fund Administrator for the BitClave Fair Fund.
117 Partners — SEC BitClave Fair Fund articleDecember 2022
Proposed distribution plan for the BitClave Fair Fund published for public comment.
117 Partners — SEC BitClave Fair Fund article9 February 2023
SEC approves final distribution plan. Eligible period: July 25, 2017 through May 27, 2020. By this date, BitClave had transferred only approximately $12 million of its ~$29.3 million obligation, leaving over $17 million uncollected.
117 Partners / CryptoSlate8 August 2023
Claims deadline for the BitClave Fair Fund investor compensation process.
117 Partners — SEC BitClave Fair Fund article19 November 2024
SEC authorizes first Fair Fund disbursement of $4,614,679.81 to eligible investors.
CoinDesk / SEC23 September 2025
SEC authorizes second Fair Fund disbursement of $2,500,422.70 to eligible investors.
Grit Daily21 April 2026
SEC authorizes third and final Fair Fund disbursement of $11,969.62 to two investors not previously identified. Total distributed across all rounds: approximately $7.1 million, against a $29.3 million settlement obligation.
SEC — In the Matter of BitClave PTE Ltd. (2025 motion)Decision Log
- hash: 8DRzNoYre4wtFtkicxw1MaofLYNrd5qam15PSDo9rdfh
This investigation is cryptographically anchored to the Solana blockchain (1 event). 15 of 18 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/31/2026, 6:06:26 PM
last updated: 7/26/2026, 1:19:28 AM
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