US Court Fines ICOBox $16M for Securities Violation in SEC Case Published by Paddy Baker coindesk.com On March 5, Judge Dale S. Fischer of the District Court for the Central District of California granted the SEC's motion for default judgment against the ICO-as-a-service platform and founder and CEO Nikolay Evdokimov. The SEC first brought charges against ICOBox in September 2019, accusing the company of hosting an unregistered securities sale. The SEC filed a motion for default judgment on January 9, after numerous attempts to serve Evdokimov personally. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.