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 [...]
