Unicoin Slams SEC Fraud Allegations, Files Motion to Dismiss Lawsuit

Unicoin just threw the legal equivalent of a Molotov cocktail at regulators.

The SEC's case? Flimsy at best—another classic example of bureaucrats chasing headlines while real financial criminals operate in plain sight. Unicoin's legal team shredded the allegations point by point, calling the lawsuit 'factually barren and legally unsupportable.'

Their motion argues the SEC overstepped its jurisdictional boundaries and failed to identify any actual victims or financial harm. Meanwhile, traders keep stacking sats while lawyers stack billable hours.

Another day, another regulatory circus—meanwhile, the real market doesn't wait for permission.

TLDR

• Unicoin argues that the SEC distorted its filings to build a case in the $100M fraud lawsuit.
• The company claims the SEC misrepresented its financial projections and communications to mislead the court.
• Unicoin insists that its filings clearly warned investors about potential risks, contradicting the SEC’s claims of fraud.
• The company requests the court to dismiss the SEC’s lawsuit with prejudice to prevent it from being refiled.
• Unicoin disputes the SEC’s assertion that its token was misleadingly portrayed as fully asset-backed.

Crypto investment platform Unicoin has filed a strong rebuttal against the U.S. Securities and Exchange Commission (SEC) in its ongoing fraud lawsuit. The company argues that the SEC distorted its filings to build a case against it. Unicoin claims the SEC’s lawsuit should be dismissed, as it alleges the agency misrepresented key aspects of the company’s communications and disclosures.

Unicoin Refutes SEC’s Claims of Misleading Investors

In its filing, Unicoin sharply criticized the SEC’s interpretation of its financial projections and communications. The company argues that the SEC took snippets of statements out of context to mislead the court. Unicoin’s legal team asserts that the SEC treated routine financial projections and Optimism as fraudulent statements. They argue these projections were not meant to deceive investors but to provide clarity about the company’s growth.

“The SEC misrepresents our statements, twisting the meaning of our disclosures to fabricate a fraud case,” Unicoin stated.

The SEC claims that Unicoin raised $100 million by misleading investors about its token and rights certificates. It argues that these certificates conveyed rights to receive Unicoin tokens and stock. However, Unicoin insists that the SEC’s claims are unfounded, as it openly disclosed risks in its communications with investors.

“Our filings clearly warned about risks, making it impossible to prove fraud,” Unicoin’s legal team said.

Unicoin also contends that the SEC misunderstood its disclosure about the backing of the Unicoin tokens. The company clarifies that it only indicated that its assets, not the tokens themselves, WOULD be backed by real-world assets. According to the company, the SEC’s claim that Unicoin misrepresented the backing of its token is based on “misinterpretations. ” It also points out that its token was still in development, making any statements about its full collateralization speculative.

Unicoin Seeks Dismissal of SEC Lawsuit with Prejudice

Unicoin has asked the court to dismiss the SEC’s lawsuit with prejudice, which would prevent the agency from refiling the case. The company argues that the SEC’s legal action is based on vague claims and circumstantial evidence. It describes the lawsuit as a

“shotgun pleading” that lacks substantial evidence to support the allegations. “The SEC has failed to prove that our actions meet the criteria for securities fraud,” Unicoin said in its filing.

The company also points out that its real estate deals and transactions, which the SEC has cited as evidence of fraud, are still in progress. Unicoin maintains that these transactions do not support the SEC’s fraud claims. The company’s legal team insists that its filings were clear and transparent, and there was no intent to mislead investors.