Crypto Founder Charged in Alleged $9 Million Memecoin Rug Pull

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Bitcoin.com
Crypto Founder Charged in Alleged $9 Million Memecoin Rug PullWorldPing
Image via Bitcoin.com.

What happened

Kishu Inu grew into a billion-dollar cryptocurrency, and its creator allegedly collected millions from undisclosed token sales.

Federal prosecutors now accuse him of misleading investors while selling holdings secretly allocated before the public could buy.

Key facts

  • Kishu Inu grew into a billion-dollar cryptocurrency, and its creator allegedly collected millions from undisclosed token sales.
  • Reported by Bitcoin.com and published Sat, 10 Oct 2026 01:30:20 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. US plans to seize $1B in crypto linked to Iran this week: Scott Bessent

  2. Ledger hack scare nears $90 million as Tether moves to freeze stolen USDT

  3. BNB Chain Hits 2 Million RWA Holders, Capturing 40% of Onchain Market

  4. Blockchain.com Seeks CFTC Approval for Prediction Markets, Crypto Derivatives

  5. Crypto Founder Charged in Alleged $9 Million Memecoin Rug Pull

  6. Celsius founder faces lifetime ban, but can trade his own crypto

Sources

The original report was published by Bitcoin.com. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Bitcoin.com

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