SEC Pursues Charges Against Miami-Based Crypto Firm Unicoin
- The SEC notified Unicoin in December of plans to charge the firm.
- Unicoin had until April 18 to settle with the SEC, which it did not meet.
- CEO Alex Konanykhin intends to contest the charges in court.
- The SEC alleges violations of registration and antifraud provisions.
- Unicoin is accused of misrepresenting its tokens and inflating sales figures.
The SEC has accused Unicoin of violating federal securities laws, including misrepresenting its native token and failing to verify investor status. CEO Alex Konanykhin plans to challenge these claims in court.
Source (2.6)https://decrypt.co/315652/sec-charging-miami-crypto-company-unicoin-fights-back?rand=52368
