Unicoin
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Top crypto news for May 21 — NYC launches a crypto council, “Hawk Tuah” girl faces FBI over a memecoin, Justin Sun becomes top $TRUMP holder, Theta raises $175M for crypto startups, SEC hits Unicoin with $100M fraud, and Argentina’s president kills a crypto probe.
#CryptoNews #NYCCrypto #TRUMPCoin #HawkTuah #JustinSun #ThetaCapital #Unicoin #ArgentinaCrypto #SEC #CryptoUpdate #May2025
#CryptoNews #NYCCrypto #TRUMPCoin #HawkTuah #JustinSun #ThetaCapital #Unicoin #ArgentinaCrypto #SEC #CryptoUpdate #May2025
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#Binance #crypto #news #BTC #UNICoin
SEC sued Unicoin for $100,000,000 fraud - document
The regulator accused the crypto company Unicoin and its top managers of large-scale fraud:
✧ The company attracted more than $100,000,000, claiming that its token was secured by real estate - but the transactions were not closed, and the objects were overpriced.
✧ Declared purchases in Argentina, Thailand, Antigua and the Bahamas were estimated at $1,400,000,000, but actually cost no more than $300,000,000.
✧ Certificate sales were also inflated: $3,000,000,000 was declared, in fact - $110,000,000.
✧ Advertising promised a yield of up to 9,000,000%, comparing Unicoin with the early days of Bitcoin.
$BTC
#Binance #crypto #news #BTC #UNICoin
SEC sued Unicoin for $100,000,000 fraud - document
The regulator accused the crypto company Unicoin and its top managers of large-scale fraud:
✧ The company attracted more than $100,000,000, claiming that its token was secured by real estate - but the transactions were not closed, and the objects were overpriced.
✧ Declared purchases in Argentina, Thailand, Antigua and the Bahamas were estimated at $1,400,000,000, but actually cost no more than $300,000,000.
✧ Certificate sales were also inflated: $3,000,000,000 was declared, in fact - $110,000,000.
✧ Advertising promised a yield of up to 9,000,000%, comparing Unicoin with the early days of Bitcoin.
$BTC
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SEC Accuses Crypto Project Unicoin of $110 Million Fraud
On May 20, 2025, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the New York company Unicoin and three of its top executives — CEO Alex Konyakhin, board member Silvini Moskini, and former chief investment officer Alex Dominguez. They are accused of deceiving over 5,000 investors, allowing them to raise $110 million. According to the SEC, Unicoin inflated the sales of 'certificate rights' to $3 billion, while the actual amount did not exceed $110 million, and falsely claimed that the tokens and certificates were registered with the SEC. The company also exaggerated the value of assets, claiming support for tokens with real estate and assets worth billions of dollars, while their actual value was significantly lower.
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🤷 SEC Accuses Unicoin of $100 Million Fraud
The SEC has just charged Unicoin Inc. and senior executives like CEO Alex Konanykhin and Silvina Moschini with investment fraud. The company raised over $100 million from 5,000 investors through “rights certificates” in exchange for future Unicoin Tokens.
Unicoin advertised that the Tokens were backed by real estate and shares of private companies, but the SEC stated that most of this was fabricated. They also falsely promoted that the project was registered with the SEC.
Legal advisor Richard Devlin was also implicated and accepted a $37,500 penalty. The SEC is requiring Unicoin to return funds, pay fines, and prohibiting executives from participating in the management of public companies.
#SEC #UNICoin #token
The SEC has just charged Unicoin Inc. and senior executives like CEO Alex Konanykhin and Silvina Moschini with investment fraud. The company raised over $100 million from 5,000 investors through “rights certificates” in exchange for future Unicoin Tokens.
Unicoin advertised that the Tokens were backed by real estate and shares of private companies, but the SEC stated that most of this was fabricated. They also falsely promoted that the project was registered with the SEC.
Legal advisor Richard Devlin was also implicated and accepted a $37,500 penalty. The SEC is requiring Unicoin to return funds, pay fines, and prohibiting executives from participating in the management of public companies.
#SEC #UNICoin #token
Unicoin CEO Rejects SEC’s Attempt to Settle Enforcement Probe
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.
$UNI
$BTC
#UNICoin #SEC #etf #MarketRebound #BinanceAlphaAlert
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.
$UNI
$BTC
#UNICoin #SEC #etf #MarketRebound #BinanceAlphaAlert
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The Unrelenting Battle with the SEC: Unicoin Declares No Retreat
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.
#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.
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