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SEC Hammers Unicoin With $100M Fraud Charges—Another Crypto ’Moon Mission’ Crashes to Earth
SEC Hammers Unicoin With $100M Fraud Charges—Another Crypto ’Moon Mission’ Crashes to Earth
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3
The SEC just dropped the regulatory hammer—Unicoin joins the growing graveyard of crypto projects that promised the moon but delivered handcuffs instead. Here’s the autopsy report.
Another day, another nine-figure crypto scandal. The SEC alleges Unicoin’s ’groundbreaking blockchain’ was really just a classic Ponzi wrapped in technobabble. Investors bought the hype; regulators bought the subpoenas.
While the usual suspects cry ’overreach,’ the rest of Wall Street smirks—turns out printing magic internet money doesn’t bypass securities laws after all. Maybe next time they’ll try filing paperwork instead of memes.
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