SEC charged Unicoin and its top executives with falsely claiming that they had raised $3 billion through rights certificate sales, when in reality they raised just over $110 million

Event date

May 20, 2025

Quotes that support claims

According to the SEC, Unicoin falsely claimed its tokens were registered with the agency and that it had raised $3 billion in rights certificate sales, when it raised just over $110 million.

The SEC alleged that the company claimed to have sold more than $3 billion in rights certificates, when in fact it raised no more than $110 million. The company also claimed that Unicoin tokens and the rights certificates were registered with the SEC, a statement the agency has clarified to be false.

The defendants also "overstated the Company's sales" of its rights certificates, suggesting in social media posts and to investors that it had raised far more funds than it actually had, the SEC alleged. While Unicoin claimed it had made $3 billion in sales by June 2024, it actually never sold more than $110 million in its rights certificates, according to the complaint.

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Week 21 of 2025