In April 2021, the Israeli INX Group closed its IPO with $83.6 million in gross proceeds from over 7,300 retail and institutional investors. 92.9M INX Tokens were sold in the IPO for $0.90. The first SEC-registered security tokens offering in the U.S. INX acquired I.L.S Brokers and Openfinance and recently launched its INX Securities crypto trading platform and approved the listing of its own INX Token. INX co-founder Shy Datika is a binary options veteran and used to run Anyoption until he sold the binary options scheme to notorious Israeli crypto activist Moshe Hogeg.
The Israeli entrepreneur and investor Moshe HOGEG entered the online trading business in 2014. He and his venture capital vehicle SINGULARITEAM allegedly paid over $5 million to buy the domain invest.com. The goal was to penetrate the forex industry with an all assets brokerage site. The website was finally launched in 2016 after its operating entity IDC INVESTDOTECOM HOLDINGS LTD ("IDC") secured $20 million in funding.Sometime in 2017, Moshe HOGEG and his people recognized the potential of cryptocurrencies and blockchains. They saw that naive crypto investors were literally throwing their funds into ICOs.