Centra Tech announced its ICO on July 25, 2017, introducing the first debit card supporting 8+ cryptocurrencies, an insured wallet, and the cBay marketplace. The project aims to make crypto spending seamless with zero fees.

Centra ICO, once promoted by Floyd Mayweather, is facing a class action lawsuit alleging it sold unregistered securities while misrepresenting CTR tokens as utility tokens. The case adds to mounting regulatory pressure on ICOs.

The Centra ICO, promoted by Floyd Mayweather and DJ Khaled, faces a class action lawsuit accusing it of violating U.S. securities laws by misrepresenting token sales as utility offerings. The suit claims over $30 million was raised unlawfully.