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**ALL INDIVIDUALS WHO PURCHASED OR ACQUIRED IMPACT THEORY FOUNDER’S KEYS BETWEEN OCTOBER 13, 2021, AND DECEMBER 6, 2021**
In a recent development, the United States Securities and Exchange Commission (SEC) has announced that all individuals who purchased or acquired Impact Theory’s Founder’s Keys between October 13, 2021, and December 6, 2021 are eligible to receive a payment from the Impact Theory Fair Fund.
As per the SEC’s settlement with Impact Theory, the company violated Sections 5(a) and 5(c) of the Securities Act by offering and selling crypto asset securities without having a registered statement filed or in effect with the SEC or qualifying for an exemption from registration. As a result, the SEC has ordered Impact Theory to pay $6,103,914.17, which will be distributed to harmed investors.
The funds will be dispersed according to a Plan of Distribution (the “Plan”) that has been created by the Fund Administrator on behalf of the SEC. The Fair Fund will pay out to eligible claimants based on their recognized losses as calculated under the Plan.
To receive a payment from the Fair Fund, affected individuals must meet certain eligibility criteria. These include having purchased or acquired Founder’s Keys during the specified time period (October 13, 2021, and December 6, 2021), submitting a timely claim form, and meeting other requirements outlined in the Plan.
Claimants who submit their forms on time will receive a Determination Notice advising them of their eligibility determination and providing a calculation of recognized losses. The Fund Administrator may also consider disputes related to eligible claimants’ recognized loss calculations if submitted in accordance with the Plan.
This settlement serves as a reminder of the importance of regulatory compliance in the cryptocurrency space, particularly when it comes to securities offerings. Investors who purchased or acquired Founder’s Keys during the specified time period are urged to review the eligibility criteria and submit their claims promptly to ensure they receive any potential compensation due to them.
The deadline for submitting claims is August 15, 2025.
