Frequently Asked Questions

Background

1. What is this matter about?

On September 15, 2020, the Commission issued the Order instituting and simultaneously settling cease-and-desist proceedings against the Respondent. In the Order, the Commission found that between June and October 2017, Unikrn, an operator of an online e-Sports gaming and gambling platform, conducted an Offering in two phases - a so-called pre-sale and an initial coin offering (“ICO”) - in which it raised $31 million through the sale of UKG, a digital token. Unikrn represented to investors that they would be able to access a variety of products and services with their UKG tokens, including placing bets on professional eSports and video game matches, and that over time Unikrn would make more features available. Unikrn further represented that it would facilitate a secondary trading market for the tokens and that its efforts to increase the usages for the UKG token would increase the demand for and in turn, the value of the tokens. Unikrn did not register the offer and sale of the tokens pursuant to federal securities laws, nor did the offering qualify for an exemption from the registration requirements. The Commission ordered the Respondent to pay a $6,100,000.00 civil money penalty to the Commission. The Commission also created the Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty paid can be distributed to harmed investors.

2. Why did I receive a Plan Notice?

You received a Plan Notice because you have been identified by the Fund Administrator as a person or entity who may have purchased or acquired Unikoin Gold (“UKG” or the “Security”) directly from Unikrn, Inc. during the period from June 11, 2017, and November 7, 2017, inclusive to (the “Relevant Period”), in either the pre-sale or ICO phase of the Offering and may have suffered a loss as a result of transactions in UKG.

3. What is the Relevant Period?

The Relevant Period is from June 11, 2017, and November 7, 2017, inclusive.

4. How much is in the Unikrn Fair Fund?

The Fair Fund consists of the $6,100,000.00 paid by Unikrn plus accrued interest.

Eligibility

5. Who may be eligible for a payment from the Unikrn Fair Fund?

You may be eligible for a payment from the Unikrn Fair Fund if:

1. You purchased directly from Unikrn, Inc. during the Relevant Period UKG in either the pre-sale or ICO phase of the Offering and may have suffered a loss as a result of transactions in UKG.
2. You submitted a Certification Form by the Certification Bar Date.
3. You suffered a Recognized Loss as calculated under the Plan.
4. You are not an Excluded Party, defined in the Plan as:
   1. The Respondent (Unikrn, Inc.);
   2. Any past or present director or officer of Respondent, or any of Respondent’s past or present affiliates who served in such a capacity during the Relevant Period and were directly involved in the conduct detailed in the Order;
   3. Any employee or former employee of Respondent or of any of its past or present affiliates who has been terminated for cause in connection with the conduct described in the Order or any related Commission action, or who was otherwise terminated or has resigned in connection with the conduct described in the Order or any related SEC or criminal action;
   4. Any affiliates, assigns, creditors, heirs, distributees, spouses, parents, children, or controlled entities of any of the foregoing persons or entities described in (a)–(c), above;Any firm, trust, corporation, officer, or other entity in which Respondent has or had a controlling interest;
   5. The Fund Administrator, its employees, and those Persons assisting the Fund Administrator in its role as the Fund Administrator; and;
   6. Any purchaser or assignee of another Person’s right to obtain a recovery from the Fair Fund for value; provided, however, that this provision shall not be construed to exclude those Persons who obtained such a right by gift, inheritance or devise.

An Eligible Claimant whose Recognized Loss calculates to a distribution amount equal to or greater than $10.00 will be deemed a Payee and will receive a Distribution Payment

To be considered for eligibility for a Distribution Payment from the Unikrn Fair Fund, you must timely submit the completed and signed Certification Form and any required documentation online or via mail to Unikrn Fair Fund, Fund Administrator, P.O. Box 25142, Santa Ana, CA 92799. Certification Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time (“EST”) on March 25, 2026. Certification Forms submitted via mail must be sent to the address provided on the Certification Form and postmarked (or if not sent by U.S. Mail, then received) by March 25, 2026. Failure to timely submit the completed form with all requested documentation by the Certification Bar Date set forth in the Plan may result in your Certification being rejected and you being precluded from recovering from the Unikrn Fair Fund.

6. Who is excluded from payment from the Unikrn Fair Fund?

You are excluded from participation in the Unikrn Fair Fund if you are an Excluded Party as defined in the Plan, including:

1. The Respondent (Unikrn, Inc.);
2. Any past or present director or officer of Respondent, or any of Respondent’s past or present affiliates who served in such a capacity during the Relevant Period and were directly involved in the conduct detailed in the Order;
3. Any employee or former employee of Respondent or of any of its past or present affiliates who has been terminated for cause in connection with the conduct described in the Order or any related Commission action, or who was otherwise terminated or has resigned in connection with the conduct described in the Order or any related SEC or criminal action;
4. Any affiliates, assigns, creditors, heirs, distributees, spouses, parents, children, or controlled entities of any of the foregoing persons or entities described in (a)–(c), above;
5. The Fund Administrator, its employees, and those Persons assisting the Fund Administrator in its role as the Fund Administrator; and
6. Any purchaser or assignee of another Person’s right to obtain a recovery from the Fair Fund for value; provided, however, that this provision shall not be construed to exclude those Persons who obtained such a right by gift, inheritance or devise.

Plan Of Allocation

7. What is the Plan of Allocation?

This Plan of Allocation is designed to compensate investors based on their losses in Unikoin Gold (“UKG”), a digital token, purchased or acquired between June 11, 2017, and November 7, 2017 (the “Relevant Period”) from Unikrn Inc. in either the pre-sale or ICO phase of the Offering. Investors who did not purchase UKG from Unikrn are ineligible to recover under this Plan. An Eligible Claimant is a Person who suffered a Recognized Loss as calculated by the Plan of Allocation; who submits a valid Certification Form by the Certification Form Deadline; and who is not an Excluded Party under paragraphs 11(a)-(f) of the Plan. An Eligible Claimant whose Recognized Loss calculates to a distribution amount equal to or greater than $10.00 will be deemed a Payee and will receive a Distribution Payment.

The Certification Process

8. What is the deadline to submit a Certification Form?

The deadline to submit a Certification Form, also referred to as the “Certification Bar Date,” is March 25, 2026.

Certification Forms completed online must be submitted on or before 11:59 p.m. EST on March 25, 2026.

Certification Forms submitted via mail must be sent to the address provided on the Certification Form and postmarked (or if not sent by U.S. Mail, received) by March 25, 2026.

9. What do I need to submit a Certification Form online?

Online submissions are encouraged.

To submit a Certification Form online, go to Submit a Certification page and follow the instructions provided.

As part of the Certification Form, the Fund Administrator will verify each Preliminary Claimant’s control over a digital or physical wallet. If, in the discretion of the Fund Administrator, a Preliminary Claimant fails to prove control over a digital or physical wallet within the allotted time he, she or it will be deemed ineligible to participate in the distribution of the Fair Fund. The Fund Administrator will have the right to request any additional information and/or documentation, including information supporting complicated transaction histories or involving certain cryptocurrency exchanges. Persons who fail to timely provide additional information as requested will be deemed ineligible. If you are not a U.S. Person, as defined in Section IV of the Certification Form, you must also submit a completed IRS Form W-8BEN, W-8BEN-E, or other W-8 series form, which can be found by visiting the following IRS website: www.irs.gov/forms-instructions

Certification Forms completed online must be submitted on or before 11:59 p.m. EST on March 25, 2026.

10. What do I need to submit a Certification Form via mail?

If you are unable to submit a Certification Form online and/or you have lost relevant credentials associated with wallets and/or exchanges required as part of an online Certification, you may download a paper Certification Form from the Important Documents page or request a copy of the paper Certification Form from the Fund Administrator via email at info@UnikrnSECFairFund.com or by calling (833) 360-6811.

As part of the Certification Form, the Fund Administrator will verify each Preliminary Claimant’s control over a digital or physical wallet. If, in the discretion of the Fund Administrator, a Preliminary Claimant fails to prove control over a digital or physical wallet within the allotted time he, she or it will be deemed ineligible to participate in the distribution of the Fair Fund. The Fund Administrator will have the right to request any additional information and/or documentation, including information supporting complicated transaction histories or involving certain cryptocurrency exchanges. Persons who fail to timely provide additional information as requested will be deemed ineligible. If you are not a U.S. Person, as defined in Section IV of the Certification Form, you must also submit a completed IRS Form W-8BEN, W-8BEN-E, or other W-8 series form, which can be found by visiting the following IRS website: www.irs.gov/forms-instructions.

Certification Forms submitted via mail must be sent to the address provided on the Certification Form and postmarked (or if not sent by U.S. Mail, then received) by March 25, 2026.

11. Which wallets and/or centralized exchanges are available to be connected when submitting a Certification?

Click here to view a full list of Certification Form compatible wallets and centralized exchanges.

Distribution

12. When will Distribution Payments be disbursed?

There is no current estimate for when Distribution Payments will commence, although the Fund Administrator, working with the SEC, intends to stay within the deadlines provided in the Plan. Please visit this website often to get the most up-to-date information.

13. Can I receive my payment in cryptocurrency?

No. Distribution Payments will be made in U.S. Dollars (USD).

Additional Information

14. Who is the Tax Administrator?

On December 17, 2020, the Commission issued an order appointing Miller Kaplan Arase LLP as the Tax Administrator of the Fair Fund. See the Commission Order: Release No. 34-90700.

15. Who is the Fund Administrator?

On November 20, 2025, the Commission issued an order appointing Simpluris, Inc. (“Simpluris”), as the Fund Administrator to oversee the administration and distribution of the Fair Fund and set the administrator’s bond amount. See Commission Order: Release No. 34-104233.

16. Where can I get additional information?

Copies of the Plan, the Notice, the paper Certification Form, and other relevant documents are available for download on the Important Documents page of this website. You can also review background on this case, including the Commission's orders and the Plan, on the Commission's website at: www.SEC.gov/enforcement-litigation/distributions-harmed-investors/matter-unikrn-inc-admin-proc-file-no-3-20003.

If you would like to request a copy of the Plan, the Plan Notice, and/or the Certification Form, or if you have any other questions, you may contact the Fund Administrator via email at info@UnikrnSECFairFund.com , or by calling (833) 360-6811. The mailing address for the Fund Administrator is: Unikrn Fair Fund, Fund Administrator, P.O. Box 25142, Santa Ana, CA 92799.