⚠️ Bitwise Accused of Defrauding Investors

A lawsuit for $2 million has been filed against the investment company Bitwise Asset Management. The firm is accused of fraud with the Bitwise 10 Crypto Index Fund, deceiving investors, and reckless management of client assets.

📊 According to the plaintiffs, top executives at Bitwise are involved in creating a so-called Pump and Dump scheme.

"Bitwise Asset Management CEO Hunter Horsley, along with executives Teddy Fusaro and Matt Hougan, conspired and deceived the plaintiff's family. They committed securities fraud, for which the filed lawsuit seeks damages exceeding $2 million," the statement reads. $BTC