21-05-2025
Asset-Backed Crypto Token Wasn't
The oldest trick in the book is:
Here is a bizarre and charming US Securities and Exchange Commission enforcement action against Unicoin Inc. and three of its executives (Alex Konanykhin, Silvina Moschini and Alex Dominguez) for all sorts of fun stuff. Unicoin is, approximately, a crypto company that wanted to sell tokens that were going to be (as the SEC complaint puts it) 'asset-backed by billions of dollars in real estate and equity interests in promising pre-IPO companies.' There are various legal complexities that you have to deal with if you want to do that, including:
