Unicoin Challenges SEC’s Fraud Allegations, Moves to Dismiss $100M Lawsuit
Unicoin has launched a vigorous defense against the U.S. Securities and Exchange Commission, accusing the regulator of distorting filings to construct its $100 million fraud case. The crypto investment platform contends the SEC cherry-picked statements about financial projections and asset-backing claims, misrepresenting standard disclosures as intentional deception.
Legal filings reveal Unicoin's argument that investors received clear risk warnings—a direct contradiction to the SEC's fraud narrative. The company seeks dismissal with prejudice, a move that WOULD permanently bar the regulator from refiling similar claims. This legal counteroffensive highlights the growing tension between crypto ventures and financial watchdogs over disclosure standards.
At stake is more than just one company's reputation. The outcome could set precedents for how regulators interpret forward-looking statements in the crypto sector, where optimistic projections often collide with regulatory skepticism. Unicoin's assertion that the SEC conflated enthusiasm with fraud underscores this fundamental divide.