In brief
- The SEC has charged Unicoin and top executives with allegedly misleading over 5,000 investors in a $100 million crypto offering.
- Regulators said Unicoin made false statements about asset backing, registration, and the total amount raised.
- The SEC alleges Unicoin’s marketing campaign used widespread advertising to promote the offering as a secure investment.
The U.S. Securities and Exchange Commission on Tuesday charged New York-based Unicoin and three of its top executives with allegedly misleading investors and raising more than $100 million through false claims about crypto asset offerings and company stock.
In a complaint filed in the Southern District of New York, the SEC accused Unicoin CEO Alex Konanykhin, board member…
