U.S. SEC Sues Texas Man for $12.3 Million Cryptocurrency Scam.


U.S. SEC Sues Texas Man for $12.3 Million Cryptocurrency Scam The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Texas resident Nathan Fuller, accusing him of defrauding approximately 150 investors through a crypto asset trading project, raising about $12.3 million.
The SEC states that Fuller sold investment products through entities like Privvy Investments from October 2022 to mid-2024, claiming to use a proprietary AI trading robot for high-frequency arbitrage, promising returns of over 40%-50% within 30 to 45 days, and even over 100% within 21 days.
Next, three things need to be monitored: whether the related funds continue to flow in, whether on-chain trading volume and holdings keep expanding, and whether the project team or regulators provide new confirmation information.
A single news flash can only indicate that sentiment has been ignited; subsequent data will determine whether it can settle into a trend.
Risks should also be on the table: but the AI robot did not operate as advertised, Fuller embezzled at least $6.2 million for personal expenses, and used about $5.5 million for Ponzi-like payouts, while forging account statements and documents to mislead investors.
$ai #链上数据 #AI #监管 #Blockchain
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