AriseBank ICO (2018): Sale History & Outcome
AriseBank conducted a token sale in 2018, promoting itself as a decentralized banking platform. The project claimed to have raised USD 600 million toward a USD 1 billion goal, though this figure was never verified.
| Token | AriseBank (AriseCoin) |
|---|---|
| Sale year | 2018 |
| Category | decentralized banking |
| Documented figure | not visible at the cited source |
| Outcome | fraud |
| Data tier | 2 — research-lane verified |
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What the record shows
The U.S. securities watchdog obtained an emergency asset freeze against AriseBank in January 2018, alleging fraudulent activity. The project falsely announced the acquisition of two FDIC-insured banks, contributing to its downfall. CEO Jared Rice Sr. faced criminal charges as a result of the scheme. The record documents the sale as ending in fraud.
Era context: ico mania (2017–2018)
The ICO Mania era (2017–2018) saw token sales surge in popularity, with many projects achieving rapid funding milestones. However, the period also witnessed widespread collapses and enforcement actions, reshaping the market landscape. AriseBank's fraudulent activities were emblematic of the risks associated with this unregulated fundraising boom.
This sale is one of the 234 entries in our ICO Mania (2017–2018) era archive, part of the complete history of crypto presales — a sourced dataset where every figure links to the page that shows it.
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More from this era
- AscendEx Token (ASD) - formerly BTMX (2018)
- Azbit (2018)
- Basis (Basecoin) (2018)
- Benebit (2018)
- Bitcoiin2Gen (2018)
- BitScreener (2018)
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Sources
- Source held in the dataset record.
This page is historical research built from a sourced dataset — not a recommendation to buy anything. Token sales are high-risk. Money figures appear only where the cited source shows one. Corrections with sources: support@bmic.ai.