PANews, June 23 - According to CoinDesk, the cryptocurrency project Unicoin, embroiled in SEC allegations, announced plans to acquire a 51% stake in Diamond Lake Minerals and restructure it as 'DiamondLake', promoting a corporate treasury strategy centered around emerging altcoins, akin to the Bitcoin reserve model of Strategy. The transaction is valued at over $70 million and is expected to be completed within 20 days. Previously, the SEC accused Unicoin of illegally raising over $100 million by exaggerating asset values and false advertising. Unicoin's CEO has denied the allegations and refused to settle with the SEC.
