PlexCoin (PlexCorps)
A 2017 ICO by Dominic Lacroix that promised returns of more than 1,300% in under a month. It was the first case brought by the SEC's new Cyber Unit; the SEC obtained an emergency freeze and a multimillion-dollar judgment.
Also known as: PlexCoin, PlexCorps, Dominic Lacroix
Summary
PlexCoin was a 2017 initial coin offering run by Dominic Lacroix and his company PlexCorps, marketed with promises of returns exceeding 1,354% in under a month. It became the first enforcement action by the SEC's newly created Cyber Unit. [1][2]
Outcome
In December 2017 the SEC obtained an emergency asset freeze, alleging Lacroix and partner Sabrina Paradis-Royer defrauded investors of up to $15 million. A U.S. court later ordered penalties and disgorgement totaling more than $7 million. Lacroix, who had a prior history with Quebec securities regulators, was also jailed in Canada for contempt in related proceedings. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Sources (2)
- SEC Emergency Action Halts ICO Scam (PlexCoin) — U.S. SEC
- PlexCorps / Dominic Lacroix (case background) — Wikipedia
See also
World Liberty Financial (WLFI) — Justin Sun token freezeProjectsWLFI, a DeFi project linked to Donald Trump and his family, blacklisted/froze the wallet of major investor Justin Sun in Sept 2025 — ~540–595M unlocked WLFI tokens (~$107M) plus ~2.4B locked. Sun sued, alleging an undisclosed admin 'blacklist backdoor'; WLFI denied it and threatened a countersuit. The dispute is ongoing.
Gala Games exploitTokensOn May 20, 2024 an attacker abused a privileged minter account on the GALA token contract to mint 5 billion GALA (≈$200M+ nominal) and dumped ~600M of them for ~$22M of ETH before Gala froze the address. Gala Games called it an internal access-control failure; the attacker later returned the ~$22M.
This page was last updated on Jun 15, 2026. View revision history.
