SEC requires Seattle e-sports platform Unikrn to repay funds raised in crypto deal

Seattle e-sports platform Unikrn has agreed to pay more than $6 million to settle a complaint by the Securities and Exchange Commission alleging that the gambling site, initially backed by celebrities including Ashton Kutcher and Mark Cuban, raised $31 million by selling unregistered securities.The $6.1 million, substantially all of the company’s current assets, will go to investors who purchased the cryptocurrency UnikoinGold, issued by Unikrn in June 2017.The company promised investors UnikoinGold would become more valuable as Unikrn developed cryptocurrency-enabled gambling features for its…

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HEDGE accordingly