Unicoin's “Asset -Backed” goal falls apart

Most important snack:

• SEC calculates unicoin and managers over 110 million US dollars in allegedly fraudulent crypto offers.
• Over 5,000 investors were misleaded with claims from token and SEC registration.
• Unicoin's aggressive marketing campaign has measured an illusion of security and scale.

The US Securities and Exchange Commission (SEC) took decisive measures Against Unicoin, a crypto company and his leadership based in New York. Unicoin was accused of orchestrated a surrounding fraud of 110 million US dollars, and supposedly deceptive of investors through false promises about assetbacking and token -legitimity.

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SEC system against unicoin and managers

On May 20, 2025, the SEC submitted a complaint for the southern district of New York, in which Unicoin, Inc. and three of its top executives – CEO Alex Konanykhin, board member Silvina Moschini, and the former Cio Alex Dominguez – because of violations of the federal government laws. The company's General Counsel, Richard Devlin, was also involved in misleading disclosures in private placement documents.

The case focuses on the marketing and sale of “right-wing certificates” documents, which investors allegedly guaranteed future Unicoin tokens, claims to be supported by a diversified portfolio of international real estate and pre-IPO capital.

According to the SEC, these assets hardly existed.

Misleading claims: the heart of fraud

Unicoin supposedly pushed a story that his tokens were:

• “Asset-Backed” with billions of US dollars in real estate and pre-IPO
• “SEC registered” or otherwise approved the US government
• Part of an increase of 3 billion US dollars– If in reality only 110 million US dollars were collected

The SEC states that these claims were designed in such a way that they create a feeling of legitimacy and security, which encouraged over 5,000 retail investors to shop.

“Unicoin's real estate stocks were only worth a fraction of the advertising,” said Mark Cave, deputy director of the SEC enforcement department. “In this case, it's about trust that were abused on the scale.”

With high effective marketing, investor fueled frenzy

The advertising -flash advertising machine from Unicoin comprised airports, thousands of New York taxis, TV programs and social media platforms. These campaigns described the investment as the “next generation of crypto” and played the public appetite for digital assets that seemed both innovative and at low risk.

Although Unicoin did not register the certificates and tokens, the certificates and tokens compliant with the US regulations. The SEC claims that CEO Konanykhin has personally sold over 37.9 million right -wing certificates to investors who expressly prohibited participation under the existing exceptions.

Legal failures and industry effects

If the Court registered in favor of the SEC, Unicoin and its managers could be exposed to permanent occasions, directors' ban and high financial punishments. The agency also tries to get the money back, which was allegedly earned by the fake offers.

It is interesting that General Counsel Richard Devlin has agreed to an agreement of 37,500 US dollars without saying that he did something illegal or not. This campaign shows how serious the matter is and how difficult the SEC works to ensure that people are held accountable.

The rules for cryptocurrencies in the United States are currently changing, which is why this falls. The striving for the Securities and Exchange Commission after Unicoin sends a clear message: You will not accept fake offers, especially with regular investors. Even if some assertiveness, such as the against coin base and ripple, have been administered, this is still the case.

Read more: SEC puts grayscale Litecoin ETF in the waiting loop: Important decision, which is now being promoted by the end of 2025

SEC confirms control in the middle of market uncertainty

While the wider cryptoma market remains in a regulatory gray area, this case signals that certain lines – such as the incorrect presentation of asset support or incorrectly the approval of the Sec – trigger an aggressive enforcement.

For investors and projects, the Unicoin case serves as a strong memory: Marketing hype cannot override legal obligations. And in an industry that is still fighting for credibility, the consequences of deception become more serious.