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Suit alleges Unikrn initial coin offering broke SEC rules, esports betting startup calls claim meritless

It’s not an investment because it’s completely liquid. It’s almost like you are buying a specific currency that you can trade with and use on our platform.” Hastings in his lawsuit cites several statements from executives that he argues point to the acknowledgment of the currency as an investment. UnikoinGold is listed on major exchanges giving it a price in U.S. dollars, which has dropped from $0.30 when the Unikrn ICO began last year and its value has fallen to just under a nickel. In addition to its ICO, Unikrn has also raised $10 million in venture funding from Cuban and others like Ashton Kutcher, Binary Capital, and Indicator Ventures.

For the original version including any supplementary images or video, visit https://www.geekwire.com/2018/suit-alleges-unikrn-initial-coin-offering-broke-sec-rules-esports-betting-startup-calls-claim-meritless/

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