According to ChainCatcher, citing Decrypt, the Miami-based crypto company Unicoin was requested by the SEC to reach a settlement by April 18 for allegedly violating securities registration and anti-fraud regulations. However, the company's CEO Alex Konanykhin refused to compromise and stated that he will defend the case in court.
The SEC accused the company of distributing tokens UNIC through airdrops, misleadingly claiming they are "asset-backed" and "SEC compliant", and allegedly selling restricted securities without exemption. Konanykhin described the accusations as being pushed by "legacy personnel from the former Gensler era" and plans to countersue the SEC for causing billions of dollars in damages.
