Post
Topic
Board Altcoin Discussion
Topic OP
Unikoingold (UKG) now disfunct - compensation for "injured investors"
by
rijnsent
on 16/09/2020, 09:48:12 UTC
After this press release, UKG ICO from september 2017 ( https://bitcointalk.org/index.php?topic=2206150.0 ) 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.