![BitTorrent [New]](https://s2.coinmarketcap.com/static/img/coins/64x64/16086.png)
Unicoin and three top officials from the company have been sued by the U.S. Securities and Exchange Commission (SEC) for the claims that the company perpetrated a scam of more than $100 million, reported Reuters.
In 2025, the complaint alleges substantial fraudulent and false offering materials were given to investors. The SEC complaint specifically calls out CEO Alex Konanykhin, former president Silvina Moschini, and a former chief investment officer, Alex Dominguez, alleging the trio misrepresented the company’s backing of tokens and its registration status.
The regulator also noted that broad marketing campaigns could have fueled misleading investment practices. The investigation highlights the increasing regulatory attention in the world of crypto amid mounting questions about investor protection and compliance with securities laws.
Accusations of Misleading Statements
The SEC charges that Unicoin represented to investors that its tokens would be backed by billions of dollars in real estate assets, while in fact those assets were supposedly valued at well under the purported amount. In addition, the company allegedly falsely advertised that its services were SEC-registered when they were not.
Aggressive Marketing Tactics
Unicoin allegedly had an aggressive marketing strategy, with ads in airports, New York City cabs, on TV, and on social media. The campaigns induced 5,000 investors to buy rights certificates that were for “safe and profitable” next-generation crypto assets. But the SEC argues that most of these sales were a mirage.
Legal Actions and Penalties
Aside from the fraud charges, the SEC also claims that Unicoin and Konanykhin broke the federal securities registration requirements by selling nearly 38 million of his own certificates at discount prices to the investors he had already been declared unfit to have access to in order to preserve the company’s registration exemption.
The SEC’s complaint, filed in federal court in Manhattan, alleges that defendants violated the antifraud provisions of the federal securities laws.
The SEC has also accused Unicoin general counsel, Richard Devlin, of having negligently made the same misrepresentations in private placement materials. In settling the action, Devlin agreed, without admitting or denying the allegations, to the entry of a final judgment that provides for permanent injunction relief and orders him to pay a $37,500 civil penalty.
Unicoin Now and Market Conditions
At the time of writing, May 21, 2025, UniCoin (UNIC) now trades at $0.17631 with a 24-hour trading volume of $0.00 and a live market capitalization of $0.00.
UNIC Price Prediction
CoinDataFlow also offers a more bullish long-term prediction, claiming that UniCoin’s price may reach $2.37-$5.45 in 2025. But these are speculative predictions, and one should be cautious and wait and see, especially since the recent fraud accusations against the company.
Price Prediction Table
| Year | Min Price ($) | Avg Price ($) | Max Price ($) | Source |
| 2025 | 0.15 | 0.22 | 0.30 | WalletInvestor |
| 2026 | 0.12 | 0.18 | 0.25 | CoinDataFlow |
| 2027 | 0.10 | 0.16 | 0.20 | DigitalCoinPrice |
| 2030 | 0.05 | 0.08 | 0.12 | CoinCheckUp |
Note: Predictions are speculative and may not reflect actual future performance.
Investor Response and Community Reaction
This is about Unicoin’s charges, which had people talking on social networks. Reddit Users Ask:
“Is Unicoin a Scam?”
On X (formerly Twitter), news organizations and individual users posted news of the SEC charging Unicoin with the company being a pyramid scheme, emphasizing how severe the charges are and how it could affect investors.
Conclusion
The SEC’s allegations against Unicoin and its officers demonstrate the necessity of transparency and regulated activities within the crypto market. In short, investors should be vigilant and not be easily taken in by digital asset investments, particularly ones that offer high returns without a solid basis and regulatory approval.
Keep following us on Twitter and LinkedIn, and join our Telegram channel for more news.
Frequently Asked Questions
1. SEC Charges Unicoin With What?
Unicoin is charged with raising $100M using deceptive claims, including fabricated asset backing and unregistered offerings, to sell to more than 5,000 investors.
2. Were Unicoin tokens actually backed by real estate?
No, the SEC is saying that Unicoin fraudulently told investors that they had billions behind the real estate and that asset values were wildly below what was represented.
3. How did the investors get scammed in the Unicoin offering?
Unicoin employed aggressive advertising and inflated sales numbers, bragging its SEC registration statement was “submitted” and boasting its asset-backed token is guaranteed.
4. What are the legal actions taken by the SEC against Unicoin?
The SEC wants penalties and officer barring orders, as well as return of money, and it charges top executives and company counsel with lying about securities offerings.
Glossary of Key Terms
1. Unicoin
A cryptocurrency project that said its tokens were supported by real estate. It is currently being investigated by the S.E.C. over claims that it misled investors.
2. U.S. Securities and Exchange Commission
The U.S. federal regulatory agency responsible for overseeing all securities firms and exchanges. It covers fraud, market manipulation, and unregistered offerings of securities.
3. Token Offering
A fundraising mechanism whereby a digital token is sold to investors. If such offers are investment contracts, they must adhere to securities regulations.
4. Rights Certificates
Documents provided by Unicoin that advertised future token offerings or investment opportunities. These were falsely represented as SEC-registered and safe, the SEC says.
5. Asset-Backed Tokens
Digital currencies that purport to be backed by real-world assets such as real estate. Unicoin purportedly misrepresented such sponsorship to lure investors.
6. Disgorgement
Legal relief that requires a company or individual to give up illegally obtained profits. Disgorgement is a remedy that the SEC frequently requests in cases of fraud or misrepresentation.
7. Injunctive Relief
A decree of a court forcing one party to perform or to abstain from an act. In this instance, the SEC wants Unicoin’s executives to make a professional promise not to violate it again.
8. Unregistered Securities
Unregistered securities issued and sold in contravention of U.S. law (1). The SEC claims that Unicoin’s rights certificates are part of this category.
