Unicoin Accuses SEC of Misrepresenting Documents in Filing Lawsuit

Three months later, crypto exchange Unicoin has responded to a fraud lawsuit filed by the U.S. Securities and Exchange Commission (SEC), accusing the agency of falsifying documents to support the claim.

The U.S. Securities and Exchange Commission is ripping out bits of messaging and distorting its meaning and context, treating ordinary financial forecasts and optimism as fraud, and ignoring Unicoin’s sober warnings about risks, Unicoin lawyers wrote in a filing with a New York federal judge.

Recall that in May 2025, the regulator filed a lawsuit against Unicoin, its CEO Alex Konanykhin, board member Silvina Moschini and former chief investment officer Alex Dominguez, accusing them of raising $100 million by misleading investors about certificates entitling them to receive Unicoin tokens and shares.

The crypto exchange’s team disputed the allegations, saying the SEC had pieced together its claims and that its claim that the company violated securities laws needed more evidence.

Securities fraud requires more than that. It requires making a knowingly false statement that reasonable investors could rely on. Where, as in this case, the risks identified by the SEC have been openly and repeatedly disclosed, these conditions cannot be met, Unicoin said in a statement.

The company clarified that the SEC’s claim that it misled investors about the support for its token was based on statements «completely taken out of context.»

It is not yet known how the Commission responded to Unicoin’s statement.

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