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.

According to @cryptonewstracker, 11 inmates previously arrested for orchestrating rug pulls on the PumpFun platform have reportedly escaped from Orleans jail by tunneling through a hole beneath a toilet, leaving behind a message reading 'Too easy, LOL.' The escapees claim they plan to launch another rug pull next week, raising significant concerns about renewed fraudulent activity and potential volatility for meme coin traders and DeFi investors monitoring PumpFun and related Solana-based projects (source: @cryptonewstracker).