The cryptocurrency investment company Unicoin received a Wells notice from the U.S. SEC

2024-12-17 09:02:01

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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.

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Unicoin SEC Wells Notice

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