SEC Sues Unicoin Executives Over $100 Million Cryptocurrency Fraud

The US Securities and Exchange Commission (SEC) has filed fraud charges against Unicoin and its top executives, alleging they misled investors about the value of their crypto tokens. The company raised over $100 million by selling real estate-backed tokens, but the SEC claims that these were not backed by real assets as promised. The lawsuit targets the CEO, former board chair, senior vice president, chief investment officer, and general counsel of Unicoin.