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Unikrn agrees $6.1m penalty with SEC for unregistered ICO

16th September 2020 9:01 am GMT

eSports betting provider Unikrn has agreed to pay $6.1m to the Securities and Exchange Commission (SEC) as a penalty for conducting an unregistered initial coin offering (ICO).

According to the SEC, Unikrn raised approximately $31m through its offering of the UnikoinGold (UKG) token between June and October 2017, promising investors that it would facilitate a secondary trading market for the tokens that would increase demand for, and the value of, the UKG tokens.

The SEC considers that [...]

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