Update, from press release:
The Fair Fund consists of $3,100,000 paid by the Respondent (3 million remains to be paid), and any future funds paid pursuant to the Order will be added to the Fair Fund.
On December 17, 2020, the Commission appointed Miller Kaplan Arase LLP as the Tax Administrator of the Fair Fund. See the Commission’s Order: Release No. 34-90700.
Questions regarding the filing of a claim should be directed to the SEC’s Office of Distributions mailbox listed below.
For more information, please contact the Commission:
Office of Distributions
Email: [email protected]
Source:
https://www.sec.gov/divisions/enforce/claims/unikrn.htm
Topic: Unikoingold (UKG) now disfunct - compensation for "injured investors" (Read 71 times)
March 11, 2021, 04:49:33 PM
September 16, 2020, 05:48:12 AM
After this press release, UKG ICO from september 2017 ( https://bitcointalksearch.org/topic/ann-ico-live-unikoin-gold-decentralized-esports-betting-back-by-mark-cuban-2206150 ) is declared illegal by the SEC:
https://www.sec.gov/news/press-release/2020-211
Bottom line: 31 million USD collected with the ICO, 6.1 million USD will be in a Fair Fund by the SEC. "The order establishes a Fair Fund to return this money to injured investors."
From CMC:
Circulating Supply 149,397,371 UKG
Market Cap $1,640,790 USD
If the distrubution of the funds is 1 on 1 linked to tokens that would mean a reimbursement of about 4.08 USD per 100 UKG. So far I couldn't find news on the Fair Fund, whether you'd need to register or that they'll simply look at the tokens at a certain date/time.
https://www.sec.gov/news/press-release/2020-211
Bottom line: 31 million USD collected with the ICO, 6.1 million USD will be in a Fair Fund by the SEC. "The order establishes a Fair Fund to return this money to injured investors."
From CMC:
Circulating Supply 149,397,371 UKG
Market Cap $1,640,790 USD
If the distrubution of the funds is 1 on 1 linked to tokens that would mean a reimbursement of about 4.08 USD per 100 UKG. So far I couldn't find news on the Fair Fund, whether you'd need to register or that they'll simply look at the tokens at a certain date/time.
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