Unikrn stung by $6.1m SEC fine over ICO failings

Crypto-first esports operator raised $31m in 2017 offering that was never properly disclosed

Esports betting operator Unikrn has been fined $6.1m by the Securities and Exchange Commission (SEC) for conducting an unregistered initial coin offering (ICO) in 2017. Between June and October 2017, the firm raised around $31m through the offering of its own cryptocurrency, the UnikoinGold (UKG) token, but did so under the guise of investment contracts.…

Blockchain | Cryptocurrency | Esports | Finance | Regulation | Unikrn | US