Unicoin Claims SEC Manipulation in $100 Million Fraud Case
Date: 2025-09-01 Author: Gabriel Deangelo Categories: BUSINESS
Three months after the SEC filed a lawsuit, the Unicoin crypto exchange has issued an official response. In a statement sent to a federal court in New York, the company's lawyers accused the American regulator of a biased approach and distortion of the facts presented in the case of an alleged $100 million fraud.
According to the defense, the SEC intentionally tore out individual fragments of correspondence and interpreted them as if the company was trying to mislead investors. At the same time, according to Unicoin, the regulator presented ordinary forecasts and optimistic estimates as signs of fraud, and repeated warnings from the exchange itself about the risks were completely ignored.
Recall that in May 2025, the SEC initiated legal proceedings against Unicoin, its CEO Alex Konanykhin, board member Silvina Moschini, and former chief investment officer Alex Dominguez. The regulator claimed that the company's management illegally raised $100 million by misleading investors about certificates that allegedly guaranteed the receipt of Unicoin tokens and shares.
The company categorically denied the charges, emphasizing that the arguments presented by the SEC are a compilation of disparate facts. The statement emphasizes that in order to recognize actions as fraudulent, it is necessary to prove intentional misrepresentation that a reasonable investor would rely on. In the case of Unicoin, the defense claims, all risks were disclosed in detail and repeatedly communicated to potential investors.
The company paid special attention to the regulator's claims regarding statements about support for the token. According to the exchange, the SEC bases this argument on quotes taken completely out of context, which distorts the original meaning.
It is not yet known how the SEC responded to these accusations. The trial is ongoing, and its outcome may have a significant impact on both the future of Unicoin itself and the practice of regulating the crypto market in the United States.
Thus, the conflict between Unicoin and the SEC is becoming increasingly resonant. The exchange is trying to prove that its activities did not violate securities laws, and the regulator's accusations are based on erroneous or intentionally distorted interpretations. The court's decision may become an important precedent for the entire cryptocurrency sector, where issues of transparency and regulation are still controversial.
