SEC Sues Crypto Firm Unicoin for Alleged Deceptive Fundraising Practices

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Unicoin, a new cryptocurrency investment firm, alleging deceptive practices in its fundraising efforts. This action follows a similar pattern of claims from the previous SEC administration. “,

The SEC accuses Unicoin and its CEO, Alex Konanykhin, of committing fraud by making false statements about the company’s fundraising of over $100 million from thousands of investors.