eSports Firm Unikrn Gets $6.1 Million SEC Fine Over Coin Offering

Unikrn Inc., an eSports gaming and gambling company, has agreed to pay a $6.1 million penalty to resolve claims it conducted an unregistered initial coin offering, the SEC said.

The fine constitutes “substantially all” of the Seattle-based firm’s assets, the Securities and Exchange Commission said Tuesday. The company raised about $31 million by selling its UnikoinGold tokens through the ICO in 2017, according to an SEC order.

Unikrn failed to register the ICO with the SEC or qualify for an exemption for it, despite offering tokens that the agency considered to be securities, the commission said. The company intended ...