According to the official announcement, the SEC will release more than $4.60 million to investors who were harmed by BitClave (PTE Ltd.'s unregistered digital asset securities ICO). After the notification and claims process, investors will now receive their share of BitClave, and checks have begun to be sent out. The payment is part of a settlement BitClave agreed to pay in 2020 after the SEC accused the search engine of failing to register its 2017 ICO as a securities offering. In 2020, BitClave agreed to compensate about 9,500 investors who bought its $25.50 million ICO three years ago. BitClave did not admit wrongdoing, but promised to return $25.50 million raised from the ICO and pay an additional penalty of about $4 million.