Kishu Inu Creator Charged Over Alleged $9 Million Rug Pull
Federal prosecutors accuse Kishu Inu’s creator of misleading investors while profiting from undisclosed sales of tokens allocated before public trading.
The creator of Kishu Inu faces federal charges in connection with an alleged $9 million memecoin rug pull, according to Bitcoin.com News.
Prosecutors allege the founder sold tokens from holdings secretly allocated before the public could buy them, collecting millions of dollars without disclosing the sales.
Kishu Inu grew into a cryptocurrency valued at $1 billion. The allegations center on claims that investors were misled while the creator sold those holdings; the supplied report does not detail the specific charges.
Source: Bitcoin.com News
