unicoin

ChainCatcher news, Unicoin will submit a motion to dismiss the SEC fraud lawsuit, CEO claims the allegations are politically fabricated.Former Governor of the People's Bank of China: The development of stablecoins requires multi-dimensional balance and regulation.The current queue for unstaking ETH has exceeded 1 million, setting a new historical high.Cook­ie Snaps has launched on Rayls, with a total value of $500,000 in RLS tokens distributed to platform users.Demether joins Chainlink Build to enhance AI-driven DeFi capabilities and will allocate a portion of tokens to Chainlink service providers.Siblings in Ohio lose over $1 million due to trust in a fraudulent investment platform.pumpfun has repurchased over $58 million in PUMP, accounting for 4.26% of the circulating supply.The new prediction platform The Clearing, founded by former Polymarket and Kalshi employees, has completed a $15 million financing round, led by USV.Swiss crypto bank Sygnum has completed a $50 million Bitcoin collateral loan refinancing with lending platform Ledn.Korean central bank officials: Stablecoins need central bank backing.China National Petroleum: Exploring the possibility of stablecoin cross-border settlement.

ChainCatcher news, according to Cointelegraph, Unicoin CEO Alex Konanykhin revealed that despite the Trump administration's supportive stance on cryptocurrency, American financial institutions such as Citibank and JPMorgan Chase are still closing crypto business accounts without reason. This year, Unicoin and its subsidiaries have had services terminated by four banks, including Wells Fargo, Florida Community Bank, and TD Bank.The Trump administration plans to sign an executive order requiring federal banking regulators to review such actions. Industry experts point out that substantial changes will depend on the issuance of specific regulatory guidelines, and currently, banks still maintain a risk-averse attitude towards crypto businesses.

ChainCatcher news, according to CoinDesk, cryptocurrency company Unicoin announced it will acquire a 51% stake in digital asset company Diamond Lake Minerals and plans to rename it DiamondLake, focusing on building a portfolio of altcoin assets, with a strategy similar to MicroStrategy's Bitcoin accumulation model. The deal is valued at over $70 million and is expected to be completed within 20 days.This move comes as Unicoin and its executives are being sued by the U.S. SEC for alleged securities fraud, accused of misleading investors and illegally raising over $100 million. The new entity will focus on crypto assets, reshaping its funding strategy with an emphasis on the emerging altcoin market.

ChainCatcher news, according to official news, the U.S. Securities and Exchange Commission (SEC) announced on May 20, 2025, that it has filed a lawsuit against Unicoin Inc. in New York City and its three executives, accusing them of fraud in the issuance of token rights certificates and common stock.According to the SEC investigation, Unicoin falsely claimed to over 5,000 investors that its tokens were backed by "billions of dollars in real estate and pre-IPO company equity" through extensive promotion via airports, taxis, television, and social media, while the actual asset value was only a small fraction of what was claimed; it falsely reported having sold over $3 billion in rights certificates, while the actual fundraising did not exceed $110 million; and it incorrectly claimed that its securities were "SEC registered" or "U.S. registered."The SEC has brought multiple charges against CEO Alex Konanykhin, former president Silvina Moschini, and former chief investment officer Alex Dominguez, seeking permanent injunctions, the recovery of illegal gains, and civil penalties. The company's general counsel, Richard Devlin, has agreed to pay a $37,500 fine.

ChainCatcher news, according to Decrypt, Miami-based crypto company Unicoin has been asked by the SEC to reach a settlement by April 18 for allegedly violating securities registration and anti-fraud regulations, but the company's CEO Alex Konanykhin refused to compromise, stating that he will respond through the courts.The SEC accused it of distributing the token UNIC through an airdrop, misleadingly claiming that it "has asset backing" and "complies with SEC regulations," and allegedly reselling restricted securities without exemption. Konanykhin called the accusations "a push from personnel left over from the Gensler era" and plans to countersue the SEC for causing billions of dollars in losses.

ChainCatcher news, according to CoinDesk, Unicoin CEO Alex Konanykhin stated that the company is still under investigation by the SEC. He has written to the SEC requesting the termination of the charges and a review of the enforcement officials' "politicized regulation" behavior.Previously, the SEC had accused Unicoin of fraud and illegal securities issuance during the final days of the Biden administration, prompting the company to relocate its operations to Europe. After the Trump administration pushed for the U.S. to become the "global crypto capital," the company planned to return to New York for an IPO but is once again facing a civil lawsuit from the SEC. Konanykhin claimed that the SEC's accusation of "illegal airdrops" is a common marketing practice in the industry, which was also used when "the president issued meme coins," and emphasized that Unicoin is actively preparing for its IPO plans.An SEC spokesperson did not comment on the status of the case.

ChainCatcher news, according to Fortune magazine, the U.S. Securities and Exchange Commission (SEC) recently issued a Wells Notice to the crypto investment company Unicoin, accusing it of fraud, misconduct, and unregistered securities issuance.Unicoin CEO Alex Konanykhin revealed that the company has sold approximately $3.5 billion in tokens, with around 70,000 investors, and its tokens are backed by physical assets such as 8,000 acres of land in the Bahamas. Unicoin must respond by December 24, and the company stated it will choose legal confrontation rather than settlement.

ChainCatcher news, the International Monetary Fund (IMF) stated in a statement that the organization is not involved in the so-called CBDC named Unicoin.It is reported that on April 10, the Digital Currency Management Authority (DCMA) announced a central bank digital currency named UMU or Unicoin, which was mistakenly reported that the IMF was involved in its creation, but in fact, the IMF only reviewed the project's white paper. Although the DCMA claims to be related to the government, Unicoin does not appear to be issued by any central bank. (source link)