Crypto Esports Startup Unikrn to Pay $6.1M in SEC Settlement Over 2017 ICO
Unikrn has agreed to settle the charges, without admitting or denying them, by paying a $6.1 million penalty to be distributed among investors.
Alchemist associate Michael Hlady faces up to 20 years in prison.
Centra Tech's co-founder has been sentenced to eight years for conducting an illegal initial coin offering (ICO) that fleeced investors of $25 million.
The updated proposal adds a number of new reporting requirements for startups.
Jerry Guo represented himself to clients as an ICO consultant, then embezzled funds now worth over $20 million.
Kik will pay $5 million in penalties as part of a proposed settlement with the SEC, which sued the messaging app last year.