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SEC Accuses Unicoin of Fraud in $100 Million Crypto Scam
SEC Accuses Unicoin of Fraud in $100 Million Crypto Scam
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The U.S. Securities and Exchange Commission has filed a lawsuit against Unicoin and its executives, alleging the crypto investment firm defrauded more than 5,000 investors out of $100 million. The complaint, lodged in Manhattan federal court, accuses the company of systematically misleading participants about its financial health and digital asset offerings.
Regulators claim CEO Alex Konanykhin and board member Silvina Moschini disseminated false information to lure capital. The case underscores mounting regulatory scrutiny as authorities demand greater transparency in cryptocurrency markets.
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