Security· ★★★· bearish·

Kishu Inu founder charged with $9M rug pull

  • —Sisemore faces three counts of wire fraud, each carrying up to 20 years in prison
  • —6% of KISHU supply went to the founder's wallets before public sale, another 6% to a co-founder
  • —The founder made about $9 million, the co-founder about $800,000
  • —The FBI is surveying investors to assess total losses
Why it matters: The case signals U.S. authorities are willing to prosecute memecoin creators for rug pulls, raising legal risk for similar projects.
#KISHU
Source: Blockmedia
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