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The SEC has charged New York-based Unicoin and three of its top executives with fraud. They are accused of misleading over 5,000 investors to raise $110 million. According to the SEC, Unicoin promised big returns but failed to deliver, putting investors at risk. The case highlights the importance of caution when investing in crypto projects and holding companies accountable for dishonest practices. The investigation is ongoing.
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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- May 21, 2025 05:09 UTC
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SEC Charges Unicoin and Executives for $110 Million Fraud
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