PANews reported on June 23 that according to CoinDesk, the crypto project Unicoin, which is facing SEC allegations, announced the acquisition of a 51% stake in Diamond Lake Minerals and will restructure it as "DiamondLake", promoting an enterprise treasury strategy centered on emerging Altcoins, similar to Strategy's Bitcoin reserve model. The transaction is valued at over $70 million and is expected to be completed within 20 days. Previously, the SEC accused Unicoin of illegally raising over $100 million by exaggerating asset values and making false claims, and Unicoin's CEO has refuted the allegations and refused to settle with the SEC.
