Unicoin plans to file a motion to dismiss a lawsuit from the U.S. Securities and Exchange Commission (SEC), which accuses the crypto firm and its executives of misleading investors and raising over $100 million through false claims. CEO Alex Konanykhin argues that the SEC's allegations are politically motivated fabrications aimed at obstructing the company’s public listing. Unicoin contends that it has maintained transparency and compliance, pointing to its voluntary registration of securities and disclosure of audited financial statements. The SEC claims Unicoin exaggerated the value of various real estate deals and misrepresented their financial status while selling 'Unicoin Rights Certificates.' Unicoin's response describes the SEC's approach as conflating commitments with actual property value and insists that they acted within legal frameworks. Legal experts highlight that the SEC's case appears robust, reminiscent of traditional securities fraud complaints, suggesting Unicoin faces a significant challenge.

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