Unikrn, an preliminary coin providing, or ICO, from 2017, faces motion from the U.S. Securities and Change Commision, or SEC.
The SEC has accused the startup of operating its ICO with out going by the correct authorized channels, primarily based on a Sept. 15 assertion from the regulating physique. The fee claims Unikrn supplied an unregistered funding alternative.
“Unikrn agreed to settle the costs by paying a $6.1 million penalty, considerably the entire firm’s property, to be distributed to traders by a Honest Fund,” the assertion stated.
Unikrn made headlines again in 2017 when Dallas Mavericks proprietor Mark Cuban invested within the challenge.
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