Crypto investment platform Unicoin has responded to the SEC's $100 million fraud lawsuit by claiming the agency misrepresented its regulatory filings to build the case. In a motion filed in New York, Unicoin asserted that the SEC cherry-picked communications and mischaracterized context, confusing optimistic financial projections with fraud while ignoring the company's explicit warnings about risks. The SEC alleges that Unicoin raised $100 million by misleading investors about the backing of its tokens and certificates. Unicoin countered that its disclosures were taken out of context and argued that the SEC's claims lacked a credible motive and sufficient evidence. It emphasized that potential risks were disclosed and that the SEC's allegations were based on circumstantial evidence. Unicoin requested the court to dismiss the lawsuit with prejudice, preventing the SEC from refiling this complaint.

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