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22 September 2020

Crypto Esports Startup Unikrn to Pay $6.1M in SEC Settlement Over 2017 ICO - CoinDesk

Crypto Esports Startup Unikrn to Pay $6.1M in SEC Settlement Over 2017 ICO - CoinDesk


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Securities and Exchange Commission (SEC) settled unregistered securities offering charges against online gaming and gambling platform Unikrn for conducting an initial coin offering (ICO) in 2017.

The SEC’s press release said that while the firm promised to use its funds to add more features to the platform and develop additional applications, it failed to register the sale of said tokens, which the SEC alleges were offered as investment contracts.

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