Unicoin CEO Alex Konanykhin Calls SEC Fraud Charges ‘Blatantly False,’ Vows To Fight In Court
Posted On May 22, 2025
Alex Konanykhin, CEO of cryptocurrency company Unicoin, denounced the Securities and Exchange Commission lawsuit against his company on Wednesday, calling the allegations “blatantly false.”
What Happened: In a LinkedIn post, Konanykhin expressed shock and disappointment over the regulator’s legal action.
“This attack came when we believed a brighter future for cryptocurrency was emerging. Just a day before, SEC Commissioner Peirce, the Chair of its Crypto Task Force, said that such coins should not be regulated by the SEC,” he said.
In the speech referred to by Konanykhin, Hester Peirce stated that “most” cryptocurrencies were …
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