Crypto Company Unicoin, Executives Face SEC Fraud Charges Over Deceptive Claims
Posted On May 21, 2025
The Securities and Exchange Commission leveled fraud charges against cryptocurrency firm Unicoin and its top three executives Tuesday for misleading investors and raising over $100 million in the process.
What Happened: The SEC stated in a press release that Unicoin and its CEO and Board Chairman Alex Konanykhin lured investors with false promises. The company had claimed that its tokens were backed …
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