SEC Charges Unicoin and Executives with $100M Fraud Over Token Offering

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-21 06:16:32

The U.S. Securities and Exchange Commission has filed a lawsuit against Unicoin Inc. and its top executives, alleging a $100 million fraud tied to unregistered securities offerings. The complaint, filed in the Southern District of New York, accuses CEO Alex Konanykhin, board member Maria Silvina Moschini, and former chief investment officer Alex Dominguez of misleading investors with false claims about asset-backed "rights certificates" linked to a future token.

Unicoin marketed these certificates as backed by a multi-billion-dollar real estate and pre-IPO equity portfolio. The SEC contends the actual assets were worth only a fraction of that value, exposing investors to significant risk. The case underscores regulatory scrutiny of crypto projects making exaggerated claims to attract capital.

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