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Online gaming platform with A-list investors killed by SEC

Online gaming platform with A-list investors killed by SEC

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Online gaming platform with A-list investors killed by SEC

Modern Consensus.2 days ago
Published on September 15, 2020 10:53 GMT+0edited on September 15, 2020 11:05 GMT+0

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The U.S. Securities and Exchange Commission’s unrelenting crackdown on unregistered initial coin offerings has claimed another victim—this time, an online gaming and gambling platform that attracted a star-studded list of investors.

Unikrn raised $31 million through its offering for the UnikoinGold token during the height of the crypto boom between June and October 2017. 

According to blog posts by Unikrn, the A-list actor Ashton Kutcher and the billionaire “Shark Tank” star Mark Cuban were among those who invested in the company.

“Unikrn promised investors that it would facilitate a secondary trading market for the tokens and that its efforts to increase the usages for the UKG token would increase demand for and in turn,...