Unicoin, a crypto startup, has been charged with $100 million fraud by the
U.S. Securities and Exchange Commission (SEC) for presenting investors with fake claims about real estate backing its tokens. The allegations are a strong warning directed towards crypto firms urging them to be more transparent in their investor disclosures.
The
fraud charges are denied by
Unicoin's CEO, who has decided against settling with the SEC, stating the accusations to be 'blatantly false', and vowing to fight in court. Despite the continuous probe into the company,
Uniswap (UNI), which is considered as a suitable alternative, is experiencing fluctuations in its price.
On a positive note,
UNI rose as whales return and outperformed following the U.S. Presidential elections which is a promising sign for
Decentralized Exchange tokens. However, the UNI token experienced a drop as
crypto adoption remains a challenge globally.
Daily coin investors are rapidly moving towards
BDAG, while
UNI signals shift. In connection with the fraud case, Unicoin is also speculated on potential data meddling following a security breach.
UNI Coin News Analytics from Wed, 16 Sep 2020 07:00:00 GMT to Tue, 27 May 2025 10:52:30 GMT -
Rating -4
- Innovation -2
- Information 7
- Rumor -7
