SEC Takes Action Against Unicoin: $100 Million Fraud Allegations

The U.S. Securities and Exchange Commission (SEC) has filed fraud charges against Unicoin, a cryptocurrency company, and its executives for allegedly defrauding investors of $100 million. The charges stem from allegations that Unicoin misled investors about its fundraising activities, leading to substantial financial gains for the company and its leadership. The SEC’s action underscores their ongoing efforts to regulate the cryptocurrency sector and protect investors from fraudulent schemes.