Just read that Brad Bao, the co-founder of Lime, is now involved in a $100 million RICO lawsuit. The whole case revolves around Cere Network and an alleged crypto scam involving a pump-and-dump scheme. What shocks me the most: the CERE token plummeted from $0.47 to nearly zero, a loss of over 99%. That's intense. Brad Bao is said to be behind it together with Fred Jin, the CEO of Cere Network. According to the complaint, promises were made about token locks before the 2021 ICO, but on launch day, massive amounts of tokens were transferred and sold on various exchanges, totaling about $41.78 million. The plaintiffs accuse Brad Bao and others of using shell companies and nested wallets to move money, and also engaging in wash trading. Somehow, it's always the same story with these scams. Whether Brad Bao truly plays the main role here or is just a name on the list will probably be revealed in court.

CERE-1,23%
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