Unicoin Dey Ask Make Dem Dismiss SEC $100M Fraud Case, Dem Nor Agree Say Token Get Asset Backing
Unicoin don file motion to dismiss SEC $100 million fraud case, dem say regulator misquote and twist their regulatory filings. SEC talk say Unicoin, CEO Alex Konanykhin, board member Silvina Moschini, and former investment chief Alex Dominguez sell certificate wey claim over $3 billion asset-backed tokens and rights, but only $110 million close and real estate deals no finish yet. Unicoin talk say all risk na clear, say "asset-backed" mean company balance sheet, no be na tokens wey no issue yet, plus say forward looking statements no be fraud. The company deny any bad intention and call the complaint "shotgun pleading" wey dey rely on snatch wey dem take out of context. Unicoin motion dey ask make dem dismiss case with prejudice to stop any refiling and this na next level for this serious regulator battle. Traders suppose dey watch the development as this SEC case fit add wahala to Unicoin token trading.
Bearish
SEC dem $100M fraud lawsuit plus Unicoin high-stakes motion to dismiss dey create big regulatory wahala. For short term, traders fit sell or avoid Unicoin tokens because legal risk don increase and reputational gbege fit happen. The palava about alleged wrong talk for asset-backed token offerings fit make token market dey volatile. For long term, if matter no settle, e fit discourage new investors and e fit put pressure for Unicoin market value till court talk. Overall, the news go make Unicoin token prices dey go down.