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SEC Slams Unicoin: New York Crypto Startup Accused of $21M Fraud
SEC Slams Unicoin: New York Crypto Startup Accused of $21M Fraud
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Another day, another crypto scandal—this time with the SEC playing whack-a-mole. Unicoin’s alleged $21M scheme proves the ’wild west’ era isn’t over, it just put on a suit.
Regulators claim the firm peddled unregistered securities while promising ’real estate-backed’ tokens. Spoiler: the properties allegedly didn’t exist. Cue the shocked faces.
Funny how these ’disruptive’ startups keep rediscovering the oldest trick in the book—taking money and running. Maybe next time try disrupting fraud instead?
In a major move, the SEC charge Unicoin, Inc., a New York-based crypto firm. The case alleges a massive fraud scheme that raked in over $100 million from thousands of hopeful investors. T... Read More
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