Filing: https://www.sec.gov/Archives/edgar/data/1740742/000182912624005571/unicoin_8k.htm
Unicoin Inc. Responds to G-Suite Security Breach
On August 9, 2024, Unicoin Inc. detected a significant security breach in their Google G-Suite account, affecting all users with an “@unicoin.com” email address. An unknown threat actor managed to gain unauthorized access, changing passwords across the board and locking out all users from essential G-Suite services like Gmail and Google Drive.
By August 13, 2024, the company successfully regained control of its G-Suite accounts and restored access to its internal users. However, Unicoin Inc. continues to investigate the breach to understand the full scope of the incident and to mitigate any potential impacts.
Key Findings So Far:
- Unauthorized Access: Unknown individuals gained unauthorized access to the company’s G-Suite services.
- Discrepancies Found: During a check of corporate users, discrepancies were identified in the personal data of employees and contractors, particularly within the accounting department.
- Compromised Communications: Evidence of hacked messages and email accounts belonging to certain company managers was discovered.
- Identity Forgery: The identity of a contractor was forged, leading to the contractor's termination.
Financial Impact
As of the most recent update, the breach has not materially impacted Unicoin Inc.'s financial condition or operations. Importantly, no losses of the company’s cash or cryptocurrency assets have been detected. The company is still assessing whether the incident could have any long-term material effects on its finances or operations.
Forward-Looking Statements
It’s important to note that this report contains forward-looking statements, reflecting management's current views based on available information. These statements are subject to change as new details emerge and as the company continues its investigation. Unicoin Inc. remains committed to transparency and will update stakeholders should the situation evolve or should any material impact be identified.
Unicoin Inc. is a company that operates in the cryptocurrency space, specifically as the issuer of Unicoin, which is the official cryptocurrency of the investment-focused series "Unicorn Hunters." This series connects entrepreneurs seeking funding with millions of potential investors globally.
Unicoin is designed to be a stable and profitable asset-backed cryptocurrency, addressing the volatility often associated with the crypto market. It stands out from many other cryptocurrencies because it is backed by a diversified portfolio that includes real estate, equity stakes in high-growth companies, and other tangible assets. The company emphasizes transparency and regulatory compliance, making it a more secure option for investors looking to participate in pre-IPO investments.
Unicoin Inc. has also made headlines for its significant acquisitions, such as the purchase of prime land holdings in the Bahamas, marking the largest-ever cryptocurrency deal in real estate valued at $554 million. This acquisition is part of Unicoin's strategy to create value for its investors through a diverse asset portfolio (Unicoin.com) (SEC.gov).
