“The securities registration and exemption framework [are] designed to ensure investor protection and access to material information, while also facilitating capital formation. Failure to follow this framework harms investors and our markets. This resolution allows us to return substantially all of Unikrn’s assets to already-harmed investors and includes measures to prevent future sales to retail investors, including the disabling of the tokens,” said Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit in a statement.
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