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Add this to yesterday's Paris Hilton news and I'm pretty sure we've just spotted the top of the bubble.

Yes.[1] We're probably approaching the point where the SEC will do something to make ICOs do the same things IPOs are required to do. All they need is a good case. Look for "I put X into token Y because they said they were going to do Z. They didn't do Z, and instead, the people behind Z are buying yachts. And we know where they are."

[1] https://ftalphaville.ft.com/2017/09/04/2193198/paris-hilton-...

The SEC has been taking a surprisingly soft touch, but is actively phoning up ICO promoters to suggest they get it together: https://davidgerard.co.uk/blockchain/2017/09/01/the-sec-told...

The SEC is doing a good job, then. That gets the message across that a "take the money and run" ICO isn't going to end well for the promoters.

Note that Synthorn has absolutely no contact details available (and an anonymised whois) except an address to send them Ether. They have a promotional Facebook and Twitter, I suppose the SEC could subpoena them ...

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