The U.S. Securities and Exchange Commission (SEC) has filed fraud charges against the crypto startup Unicoin and its executives, accusing the company of a $110 million fraud involving fake asset backing. Unicoin's founder, Alex Konanykhin, who previously made headlines for placing a $1 million bounty on Vladimir Putin, allegedly promoted the company through extensive advertising campaigns including TV, taxis, and airports, which the SEC claims were deceptive. Separately, the founder and CEO of Amalgam Capital Ventures has been indicted for defrauding investors of $1 million by fabricating revenue projections and falsely claiming partnerships with well-known businesses in a purported blockchain-based software startup. The Amalgam founder reportedly misused investor funds on luxury expenses. These cases follow earlier charges against crypto entrepreneur Sam Lee, accused of running a $2 billion Ponzi scheme, who denies wrongdoing and continues to launch new crypto products from Dubai.