US charges Kishu Inu founder, Singapore freezes Tokenize Xchange assets
- —Sisemore faces up to 20 years in prison on each of three wire fraud counts
- —Kishu Inu peaked at over $1.6 billion market cap with roughly 283,000 holders
- —Singapore froze S$53 million tied to 249 former Tokenize Xchange customers
- —AmazingTech owed users about $205.34 million but held only around $2 million in realizable assets
Why it matters: The cases show that even when courts act, victims of crypto fraud typically recover only a small fraction of their losses.
Source: Cryptopolitan