Unikrn, an original coin supplying, or ICO, from 2017, faces action from the U.S. Securities and Trade Commision, or SEC.
The SEC has accused the startup of working its ICO with out heading by the right authorized channels, based mostly on a Sept. 15 statement from the regulating human body. The commission promises Unikrn available an unregistered financial investment prospect.
“Unikrn agreed to settle the expenses by shelling out a $6.1 million penalty, substantially all of the company’s property, to be dispersed to traders via a Reasonable Fund,” the assertion stated.
Unikrn produced headlines again in 2017 when Dallas Mavericks operator Mark Cuban invested in the task.
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