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A week before launch, two MindsEye studio executives have left the company, which I'm sure is a positive sign
Game Updates

A week before launch, two MindsEye studio executives have left the company, which I’m sure is a positive sign

by admin June 3, 2025



Last week, I questioned whether MindsEye was a real game or not. This week, that question lingers. Why, you ask? Well, as spotted by our good friends over at Eurogamer, two executives at the studio behind the game, Build a Rocket Boy, have now departed the company. Let me just check when MindsEye is coming out… oh, that’s right, literally one week from today. Surely this is only good news!


In a LinkedIn post from yesterday, now former chief legal officer Riley Graebner shared news of his departure after three and a half years at the company, saying he was “proud” of what the team has accomplished in that time. Former chief financial officer Paul Bland doesn’t seem to have made an announcement of his exit per se, but the experience section of his own LinkedIn account lists his time at Build a Rocket Boy as ending in June (typically roles listed on LinkedIn will say “present” if a person is still at the company).


Now, I don’t know about you, but two executives leaving a studio, no matter their position, doesn’t scream “incoming success story.” There could be any myriad of reasons as to why they’ve left of course, this is just speculation, the timing is just a bit odd so close to release for such high level positions.


Thus far hardly any actual gameplay of MindsEye has been shown off, though publisher IO Interactive did announce a showcase for this Friday, June 6th, where more of it will be shown off. Will it be overshadowed by IO’s own James Bond game that’s also getting a proper look-in, now revealed to be called 007 First Light? Almost certainly, but at least there might be more than five minutes of gameplay this time around.



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June 3, 2025 0 comments
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NFT Gaming

SEC Charges Unicoin, Executives Over Alleged $110 Million Crypto Fraud

by admin May 21, 2025



In brief

  • The SEC has charged Unicoin and top executives with allegedly misleading over 5,000 investors in a $100 million crypto offering.
  • Regulators said Unicoin made false statements about asset backing, registration, and the total amount raised.
  • The SEC alleges Unicoin’s marketing campaign used widespread advertising to promote the offering as a secure investment.

The U.S. Securities and Exchange Commission on Tuesday charged New York-based Unicoin and three of its top executives with allegedly misleading investors and raising more than $100 million through false claims about crypto asset offerings and company stock.

In a complaint filed in the Southern District of New York, the SEC accused Unicoin CEO Alex Konanykhin, board member Silvina Moschini, and former Chief Investment Officer Alex Dominguez of promoting so-called “rights certificates” tied to Unicoin tokens through allegedly false or misleading statements.

The complaint also targets the company’s general counsel, Richard Devlin, for misleading statements in private placement memoranda. Without admitting wrongdoing, Devlin has agreed to pay a $37,500 penalty and accept a permanent injunction.

“We allege that Unicoin and its executives exploited thousands of investors with fictitious promises that its tokens, when issued, would be backed by real-world assets including an international portfolio of valuable real estate holdings,” Mark Cave, associate director in the SEC’s Division of Enforcement, said in a statement. “But as we allege, the real estate assets were worth a mere fraction of what the company claimed.”

The case comes as the SEC, under the Trump administration, has retreated from several high-profile crypto enforcement actions, including recent cases against Coinbase, Ripple, Kraken, and Consensys.

Recent actions against Coinbase, Ripple, Kraken, and Consensys have been dropped amid a broader shift away from the more aggressive regulatory stance taken by the previous administration.

According to the SEC, Unicoin falsely claimed its tokens were registered with the agency and that it had raised $3 billion in rights certificate sales, when it raised just over $110 million.

The agency further alleges Konanykhin personally sold nearly 38 million certificates to investors otherwise barred from participating.

Unicoin allegedly placed ads in airports, taxis, and on television to attract investors, presenting the offerings as “next generation” secure investments.

Speaking to Decrypt in April, Konanykhin vowed to contest the charges in court. “I fully intend to win this case in the courtroom,” he said. “It’s grotesque that the most compliant crypto company in the U.S. remains the only one being persecuted by the SEC.”

He argues the lawsuit doesn’t represent the views of the current SEC leadership. 

“This is being driven by rogue officials left over from the Gensler administration who are trying to cover themselves by bullying us into a false admission of guilt,” Konanykhin said at the time.

The SEC is seeking injunctive relief, disgorgement, and civil penalties against all named defendants, as well as officer-and-director bans for the three senior executives.

Konanykhin has been contacted for comment.

Edited by Sebastian Sinclair

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May 21, 2025 0 comments
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A Unicoin taxi cab ad in Manhattan in May 2024. (Nikhilesh De/CoinDesk)
Crypto Trends

SEC Charges Unicoin, Top Executives With $100M ‘Massive Securities Fraud’

by admin May 21, 2025



The U.S. Securities and Exchange Commission sued crypto company Unicoin and three executives on Tuesday night on fraud charges, saying the company raised over $100 million for tokens that were not actually backed by the real estate its executives claimed.

The SEC sued Unicoin, CEO Alexander Konanykhin, former board chair Maria Moschini, senior vice president and general counsel Richard Devlin and former chief investment officer and investor relations officer Alejandro Dominguez on securities law violations,

Among its allegations, the SEC said Unicoin never actually owned the real estate properties it told investors it had acquired, and that those properties’ values were inflated.

“For example, between September 2023 and January 2024, the Promoting Defendants announced acquisitions of properties in Argentina, Thailand, Antigua, and the Bahamas, purportedly with appraised values totaling more than of $1.4 billion; in fact, the majority of those transactions never closed and the actual combined value of the four properties was no more than $300 million,” the complaint said.

The defendants also “overstated the Company’s sales” of its rights certificates, suggesting in social media posts and to investors that it had raised far more funds than it actually had, the SEC alleged. While Unicoin claimed it had made $3 billion in sales by June 2024, it actually never sold more than $110 million in its rights certificates, according to the complaint.

Moreover, Unicoin advertised its rights certificates, including by promising outsized returns of up to 9 million percent, the SEC alleged, pointing to marketing efforts on taxi cabs, ferries, “office building elevator screens,” digital billboards, coasters, television programs, news websites and public wi-fi kiosks.

A Unicoin taxi cab ad in Manhattan in May 2024. (Nikhilesh De/CoinDesk)

“Additional examples of the Promoting Defendants’ statements include: (a) social media and website posts that touted potential returns of 9,000,000% based on bitcoin’s 9,000,000% growth in the past 10 years and told investors to ‘take advantage of the early days of Unicoin and get them today,’ highlighting that ‘Bitcoin experienced a tremendous rise in value, transforming early adopters into millionaires, and even billionaires,'” the filing said.

Read more: Unicoin CEO: Why Are We Still Under the SEC’s Gun?

Unicoin received a Wells notice from the SEC last December, informing the company that the regulator — then under the leadership of former Chair Gary Gensler — intended to file securities fraud charges. Last month, Konanykhin sent a letter to Unicoin’s shareholders, informing them that the company had rebuffed the SEC’s attempt to settle the charges, rejecting what he described as an “ultimatum” to attend a settlement negotiation meeting by April 18.

“We declined to show up,” Konanykhin told CoinDesk in an April interview, adding that the SEC had made certain pre-meeting demands he deemed “unacceptable” and claiming that the SEC’s probe had caused “multi-billion-dollar damages” to the company.

Read more: Unicoin CEO Reject’s SEC’s Attempt to Settle Enforcement Probe

Neither Konanykhin nor a spokesperson for Unicoin responded to CoinDesk’s request for comment by press time. In a press release shared earlier this year in response to a Wall Street Journal article, a spokesperson said, “Unicoin, the only fully U.S.-registered, U.S.-regulated, U.S.-audited, and U.S.-publicly reporting cryptocurrency company, has consistently complied with all regulations.”

According to court documents, the SEC is seeking disgorgement and civil penalties.



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May 21, 2025 0 comments
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