AI × CryptoBearishThe Block · 2h ago7/10
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SEC sues Privvy founder over $12.3 million crypto scheme as AI ‘bots’ turn out to be neither
The SEC has filed a lawsuit against Privvy founder Fuller for orchestrating a $12.3 million cryptocurrency fraud scheme where promised AI-powered trading bots were non-existent. Fuller allegedly misappropriated investor funds for personal expenses including real estate, gambling, and luxury purchases, highlighting ongoing regulatory crackdowns on fraudulent crypto projects.
