🟡 SEC Charges Unicoin Over $100M Token Sale Fraud
On May 20, 2025, the SEC filed civil fraud charges against Unicoin and four executives for selling "Unicoin Rights Certificates" without registration, while misleading investors about asset backing and financial health.
Although pitched as equity- and real estate–backed, many deals never closed, and valuations were inflated. The SEC also alleges the CEO privately resold tens of millions of these certificates without verifying investor eligibility.
Unicoin claimed to have raised up to $3B. The SEC says only ~$110M was actually received.
🔍 Full article: https://theholycoins.com/news/unicoin-and-executives-face-sec-charges-in-usd100m-asset-backed-token-fraud-scheme
