/biz/ - Business & Finance

“We spent months working with the SEC to come to a solution that was about moving the business forward,” Unikrn said in a statement. “The common ground we found requires Unikrn to completely stop supporting UKG and help provide a fund for purchasers of UnikoinGold. This gives us clearance to focus on continuing to build our industry-leading business.”

Unikrn said in its own post that it would continue to offer regulator-approved wagering and other services with major currencies including Fiat Currencies, Bitcoin, BitcoinCash, Ethereum, Dogecoin, GUSD, USDC, PAX, BUSD, Ripple, and others. Going forward, Unikrn will also consider other options internationally based on community feedback. So, even though the company has no assets after the fine, the company will continue operating.

The SEC will be establishing and operating a Fair Fund for token holders who would like a refund. The SEC will oversee this process, and they will provide further information regarding making a claim.