SEC Charges Unicoin and Executives Over Alleged $100M Crypto Fraud

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-22 11:00:01

The U.S. Securities and Exchange Commission has filed suit against Unicoin, a New York-based cryptocurrency investment firm, accusing it of defrauding investors out of more than $100 million. The complaint names CEO Alex Konanykhin, former president Silvina Moschini, and former chief investment officer Alex Dominguez as defendants.

Regulators allege the company made false statements about its Unicoin token and common stock offerings. The SEC is pursuing violations of federal antifraud statutes, marking another aggressive enforcement action in the crypto space. The case was filed in Manhattan federal court, where the agency has brought numerous digital asset-related cases.

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