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The SEC has accused Unicoin of defrauding investors of over $100 million.
The SEC filed a lawsuit against Unicoin and three of its top executives.
The company misled investors regarding the rights associated with certificates that allegedly guaranteed Unicoin tokens and company shares.
The firm raised over $100 million from more than 5,000 individuals.
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Unicoin and three of its executives.