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BTCC / BTCC Square / Global Cryptocurrency /
SEC Charges Unicoin Executives Over Alleged $100M Crypto Fraud Scheme

SEC Charges Unicoin Executives Over Alleged $100M Crypto Fraud Scheme

Author:
Global Cryptocurrency
Published:
2025-05-23 07:13:02
20
1

The U.S. Securities and Exchange Commission has filed charges against Unicoin, Inc. and three executives for allegedly defrauding investors of $100 million. The crypto firm stands accused of promoting certificates tied to future token payouts that were never backed by real-world assets as claimed.

"Unicoin exploited investors with false promises of asset-backed tokens," said Mark Cave of the SEC’s Enforcement Division. The case highlights regulatory scrutiny over crypto projects making unsubstantiated claims about token valuation and backing.

|Square

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