SEC Sues Unicoin Top Executives for a Massive $100M Fraud

Quick Summary:

The US Securities and Exchange Commission filed fraud charges against Unicoin and its executives.

It claimed that the company has made several false claims regarding its native token and raised $100 million from investors.

The community thought that the US government was offering a favorable environment for the crypto industry.

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Article Details

Author / Journalist: Manisha Ailneni

Category: Crypto

Markets: United Arab EmiratesUnited States

Topics: Market News SEC Market Updates Cryptocurrency fraud

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-21 @ 06:53:49 (19 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 308 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 28888609

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 37 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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