<ul><li>The SEC has filed charges against crypto startup Unicoin and its executives for defrauding investors by misleading them about asset backing and regulatory approval.</li><li>Unicoin falsely claimed to have raised over $3.3 billion with asset backing in billions, while the actual amount was only about $110 million.</li><li>Key executives, including CEO Alex Konanykhin, are facing charges, with the General Counsel, Richard Devlin, agreeing to a penalty without admitting guilt.</li><li>The SEC's actions against Unicoin are part of a broader crackdown on fraudulent crypto activities, highlighting the importance of verifying registration and asset backing in the digital asset space.</li></ul>

SEC Slams America’s First Crypto Company in Explosive $100 Million Scam

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