Securities and Exchange Commission has charged New York-based Unicoin and top executives with defrauding 5000 investors by raising more than $100 million through a crypto offering based on false claims about asset backing, registration, and real estate valuations

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May 20, 2025

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The U.S. Securities and Exchange Commission on Tuesday charged New York-based Unicoin and three of its top executives with allegedly misleading investors and raising more than $100 million through false claims about crypto asset offerings and company stock

The U.S. Securities and Exchange Commission sued crypto company Unicoin and three executives on Tuesday night on fraud charges, saying the company raised over $100 million for tokens that were not actually backed by the real estate its executives claimed.

The SEC alleges Unicoin misled over 5,000 investors in a $100 million crypto offering with false claims about asset backing and registration.

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Week 21 of 2025