According to @EleanorTerrett, the SEC has formally charged Unicoin and its executives, including CEO Alex Konanykhin and Silvina Moschini, for allegedly defrauding over 5,000 investors by making false claims that their Unicoin crypto token was backed by billions in real estate, when in reality only around $110 million was raised (source: @EleanorTerrett, May 21, 2025). This regulatory action is expected to significantly impact investor confidence in asset-backed token projects and could lead to increased scrutiny for similar crypto offerings, affecting trading volumes and risk assessments across the altcoin sector.