The NFT project Flyfish Club has agreed to pay $750,000 to settle with the U.S. SEC over the unregistered issuance of securities

ChainCatcher news, according to The Block, the NFT project Flyfish Club has agreed to pay $750,000 as part of its settlement with the U.S. Securities and Exchange Commission (SEC).

The SEC stated in a court filing on Monday that Flyfish "issued crypto asset securities without registration." The project earned $14.8 million by selling 1,600 NFTs to U.S. investors. Flyfish also informed investors that they could profit by reselling these NFTs in the secondary market.