UNICoin

The SEC continues to pursue allegations against Unicoin, but the Miami crypto company is determined not to back down.

#UNICoin – the Miami-based cryptocurrency investment company – is facing a major legal battle with the US Securities and Exchange Commission (SEC), after the agency officially announced it would continue its allegations against the company. However, Unicoin CEO Alex Konanykhin insists he will not accept any settlement, but instead will take the case to court.

In a letter to shareholders on Tuesday, Unicoin CEO Alex Konanykhin said the SEC’s investigation has inflicted “multi-billion-dollar damages” on its investors and token holders.
By Cheyenne Ligon|Edited by Jesse Hamilton
Apr 23, 2025, 1:02 a.m.

What to know:
Unicoin has rejected the SEC's attempt to negotiate a settlement over an ongoing investigation.The SEC issued a Wells notice to Unicoin in December, indicating potential enforcement action for alleged securities violations.
Unicoin's CEO claims the SEC's actions have significantly harmed the company's financial prospects.
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