Chicago Feds Charge Kishu Inu Founder in $10M Crypto Rug Pull Scheme
Hoodline
A federal grand jury in Chicago has indicted the founder of the Kishu Inu cryptocurrency on wire fraud charges, accusing him of secretly pocketing nearly $10 million by selling tokens despite public claims that the founders had no token allocations. Alexander Sisemore, 28, who goes by the nickname Kishu Man and lives in Fayetteville, Arkansas, was charged with three counts of wire fraud tied to what prosecutors describe as a classic crypto rug pull. The 13-page indictment, made public by the U.S. District Court for the Northern District of Illinois, alleges that Sisemore and unnamed associates used public statements and advertisements to drive up Kishu Inu's market price while quietly selling coins they had distributed to themselves, according to the Chicago Tribune. The case, United States v.
Reported by Hoodline. You are reading an excerpt. The full story is on their site.
Read it at Hoodline- Filed under
- Hacks & Scams
- First seen
- Reported by
- Hoodline
- Also carried by
- Chicago Tribune
Before you act on it
A listing, a launch or an airdrop is not a reason to buy. Check the contract address on the project's own site. Never sign a transaction or hand over a seed phrase to claim anything.
