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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