In the Matter of Unikrn, Inc.
Admin. Proc. File No. 3-20003

On September 15, 2020, the Commission instituted and simultaneously settled cease-and-desist proceedings (the “Order”) against Unikrn, Inc. (“Unikrn” or “Respondent”). In the Order, the Commission found that, from June to October 2017, Unikrn raised millions of dollars from the unregistered sales of virtual currency called “Unikoin” or UKG tokens (“UKG”) to both domestic and internal investors, based on a series of false and misleading statements, including misrepresentations about the potential marketability and use of Unikoin as a means of currency for goods and services, as well as the expected profitability of Unikoin.

The Commission ordered the Respondent to pay a civil money penalty in the amount of $6,100,000.00 to the Commission, pursuant to the payment plan detailed therein. The Commission created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty collected could be distributed to those harmed by the Respondent’s conduct described in the Order (the “Fair Fund”). See the Commission’s Order Release No. 33-10841.

The Fair Fund consists of $3,100,000 paid by the Respondent, 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.

On December 2, 2021, the Commission issued an order appointing Guidehouse, BakerHostetler, and Pace, as the Fund Administrator to oversee the administration and distribution of the Fair Fund and, set the administrator’s bond amount. See the Commission’s Order: Release No. 34-93711.

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