The US SEC charges Unicoin with involvement in a $100 million Crypto Assets fraud case.

CoinVoice has learned that, according to the official latest news, the U.S. Securities and Exchange Commission (SEC) announced on May 20, 2025, that it has filed a lawsuit against Unicoin Company in New York City and its three executives, accusing them of committing fraud in the issuance of token warrants and common stock.

According to the SEC investigation, Unicoin falsely claimed to over 5,000 investors through extensive promotion via airports, taxis, television, and social media that its tokens were backed by "billions of dollars in real estate and pre-IPO company equity," while the actual asset value was only a small fraction of what was claimed; it falsely reported having sold over $3 billion in rights certificates, while actual fundraising did not exceed $110 million; and incorrectly claimed that its securities were "SEC registered" or "U.S. registered."

The SEC has filed multiple charges against CEO Alex Konanykhin, former president Silvina Moschini, and former chief investment officer Alex Dominguez, seeking a permanent injunction, the recovery of ill-gotten gains, and civil penalties. The company's general counsel Richard Devlin has agreed to pay a fine of $37,500.